Blog Archives

That Pesky Tax Waiver – Part 3

                This week’s post is the last of 3 on New Jersey’s tax waiver.  Last week I showed you how a small bequest in a will to a non-Class A beneficiary will trigger the need to file an inheritance tax return.  I also said, however, that in some instances a return must be filed even […]

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That Pesky Tax Waiver – Part 2

                In my post last week, I referred to New Jersey’s tax waiver.  It is an often misunderstood process designed to insure that the State receives the appropriate amount of taxes when someone dies.  As I explained, New Jersey’s estate tax was phased out as of 2018 but we still have an inheritance tax.  Very […]

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That Pesky Tax Waiver – Part 1

                As I have written in previous posts, New Jersey did away with its estate tax in 2018.  This was part of a compromise between the state legislature and then Governor Christie who agreed to an increase in New Jersey’s gasoline tax.  I have also pointed out that we still have an inheritance tax in […]

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Increased Gas Tax – How Does It Impact NJ Estate Tax? Part 2

            Last week , I wrote about the announced compromise between Governor Christie and legislative leaders that will replenish the out of money transportation fund and get much needed road projects started again.  The compromise involves a 23 cent gas tax increase but tax cuts in other areas, including the elimination of New Jersey’s estate […]

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A Simple Estate Matter? Not so Fast

     Mark called because he needed assistance with an inheritance tax return. The attorney he had hired to assist him in selling his sister, Melanie’s home was unsure how to complete it.      A little bit of background is helpful. Melanie died without a will. She had never married and had no children. Accordingly, under […]

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