New Jersey Inheritance Tax Form

Instructions and help about it r inheritance tax form

So you're planning on leaving that beach house on the Jersey Shore to your brother along with an investment account. The State of New Jersey is going to be expecting inheritance tax of over $300 Grand and we're going to walk through that example right now [Music] Welcome to the Mullooly Asset Show - I'm your host Tom Mullooly and this is episode number 338. Thanks for tuning in! New Jersey doesn't have an estate tax anymore - after 2017 - but what they still have since 1892 is a New Jersey inheritance tax. And pretty much everybody who inherits something is going to fall into a couple of different buckets. And some folks are going to wind up paying inheritance taxes. So New Jersey has broken people - depending on who you are -- into different buckets. So they have a class A, class C, class D and then Class E. Class A is your children, your grandchildren, your great-grandchildren, your parents - even your grandparents - are all part of Class A. So if they inherit any part of your estate