§ 2802. Interpretation of formula clauses
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and FiduciariesEffective: October 27, 2010
Effective: October 27, 2010
20 Pa.C.S.A. § 2802
§ 2802. Interpretation of formula clauses
(a) General rule.--Except as provided in subsection (b) and subject to section 2803 (relating to judicial proceeding), a will, trust or other dispositive instrument of a decedent who dies after December 31, 2009, and before January 1, 2011, that contains a formula clause shall be rebuttably presumed to be interpreted pursuant to the Federal estate tax and generation-skipping transfer tax laws applicable to estates of decedents dying on December 31, 2009.
(2) If the Federal estate tax or generation-skipping transfer tax applies to an estate of a decedent dying or generation-skipping transfer occurring before January 1, 2011, then with respect to each such Federal tax, the initial reference to January 1, 2011, in this section shall refer instead to the first date after December 31, 2009, on which such tax applies to decedents' estates or generation-skipping transfers.
Credits
2010, Oct. 27, P.L. 837, No. 85, § 3, imd. effective.
20 Pa.C.S.A. § 2802, PA ST 20 Pa.C.S.A. § 2802
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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