Wrongful Death Action - Law Office of Robert Aufseeser

Are Wrongful Death Settlements Subject to Inheritance Tax in New Jersey

2022-09-162023-02-10 Robert Aufseeser

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?

2021-06-152023-02-10 Robert Aufseeser

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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