{"id":10054,"date":"2023-10-16T10:43:10","date_gmt":"2023-10-16T14:43:10","guid":{"rendered":"https:\/\/resources.evans-legal.com\/?p=10054"},"modified":"2023-10-16T10:43:11","modified_gmt":"2023-10-16T14:43:11","slug":"post-assessment-modification-exempted-trust-from-realty-transfer-tax","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=10054","title":{"rendered":"Post-Assessment Modification Exempted Trust from Realty Transfer Tax"},"content":{"rendered":"\n<p>A revocable trust was a &#8220;living trust&#8221; and so exempt from realty transfer tax even though the trust document originally allowed distributions to persons other than a settlor if a settlor became incapacitated because a retroactive modification of the trust under 20 Pa.C.S. \u00a7 7740.6 to carry out the settlors&#8217; tax objections was approved by the court and the modification was effective even though the petition was filed after the realty was transferred and even though the Commonwealth was not a party to the modification proceeding.  <em>Ebersole v. Commonwealth<\/em>, ___ A.3d ___, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.pacourts.us\/assets\/opinions\/Commonwealth\/out\/360FR20_10-10-23.pdf\" target=\"_blank\">360 F.R. 2020<\/a> (Cmwlth. 10\/10\/2023). <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A revocable trust was a &#8220;living trust&#8221; and so exempt from realty transfer tax even though the trust document originally allowed distributions to persons other than a settlor if a settlor became incapacitated because a retroactive modification of the trust &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=10054\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[34],"tags":[328,331,201],"class_list":["post-10054","post","type-post","status-publish","format-standard","hentry","category-opinions","tag-pef-7740-6","tag-realty-transfer-tax","tag-trust-modification","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/10054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10054"}],"version-history":[{"count":2,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/10054\/revisions"}],"predecessor-version":[{"id":10056,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/10054\/revisions\/10056"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}