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hello and welcome to the Kenneth Burke am a law of his legal podcast in this issue we talk about inheritance taxes now in New Jersey there is no inheritance tax if money's going to children grandchildren spouse stepchildren if money is going to brothers or sisters the first $25,000 is tax-free anything after that is taxed the rate from between $25,000 to 1 million seven hundred fifty thousand is eleven percent and thereafter there's an increase in the tax rates charities which are called classy beneficiaries hospitals nonprofits there's no tax but any other natural persons their taxes fifteen percent on the first seven hundred thousand and sixteen percent after that for each each person now even if there is no inheritance tax do New Jersey has an estate attacks and amounts over six hundred seventy-five thousand dollars therefore even if no federal state taxes do the estate must still file a federal state tax return plus the New Jersey estate tax return for the purpose of federal state

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