What are the consequences in Pennsylvania of "death bed" gifting?

In Pennsylvania, the value any gift or transfer made for less than fair market value within a year of the giver's death is brought back into the Decedent's Estate for Inheritance Tax purposes. This prevents an individual from gifting all of their property away on their death bed to eliminate the Inheritance Tax consequences to their beneficiaries. Gifts made prior to one year before death are not subject to Inheritance Tax.

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