Will You Be Impacted by the New Jersey Death Transfer Tax?
August 27, 2014
Filed under: DING , Estate Taxes , Inheritance Taxes , New Jersey Planning , NING — Tags: Will You Be Impacted by the New Jersey Death Transfer Tax? — admin @ 8:15 pm
When it comes to high-dollar decisions about estate planning, many people wrongfully believe they are not included because the federal tax exemption of $5.34 million is so high. While this is true, in New Jersey, you should be aware of the transfer tax because far more people are included under that umbrella.
In New Jersey, an estate larger than $675,000 at the time of your death can trigger...