Do I need to file a New Jersey Inheritance Tax Return
While New Jersey no longer has an estate tax, which is a tax based on the overall size of an estate, New Jersey still taxes certain transfers at death. This […]
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Why do I need an Inheritance Tax Waiver in New Jersey
Why do I need an Inheritance Tax Waiver in New Jersey? An inheritance tax waiver in New Jersey is needed when a person inherits property from someone who has died […]
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Are Wrongful Death Settlements Subject to Inheritance Tax in New Jersey
General Rule Not all amounts recovered in a wrongful death action are exempt from the New Jersey Inheritance Tax. Generally, wrongful death settlements recovered under N.J.S. 2A:31-1 are not subject […]
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When are the Proceeds of a Wrongful Death Action Includible in the Decedent’s Estate for Purposes of the New Jersey Estate and Inheritance Tax?
The proceeds of a wrongful death action can be taxed by the NJ Division of Taxation. Care must be taken in structuring settlement agreements to reduce the overall tax if […]
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