NJ Tax Stop: Impact Of Retained Rights On Inheritance Tax

Law360 (September 23, 2019, 4:27 PM EDT) -- New Jersey residents have enjoyed the benefit of the repeal of the New Jersey estate tax since Jan. 1, 2018. However, New Jersey maintains its inheritance tax, which is a tax "upon the transfer of property, real or personal, of the value of $500 or over, or of any interest therein or income therefrom, in trust or otherwise, to or for the use of any transferee, distribute or beneficiary" at the death of the transferor.[1]

This tax generally applies when such property or interest is transferred by will, pursuant to intestate laws, or "by deed, grant, bargain, sale or gift made...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!