New Jersey Estate Tax
Prior to 2017, New Jersey levied estate tax on estates valued in excess of $675,000. For 2017, estates over $2 million owe estate tax. In 2018 there will be no estate tax in New Jersey, but Inheritance tax will remain.
Although planning will shift focus to other types of tax and long-term care issues, it is possible that New Jersey will reenact the estate tax laws, so this should still be a consideration in estate planning.
Contact our Linwood estate tax lawyer today to discuss options for minimizing taxation on your estate.
New Jersey Inheritance Tax Law Firm
Our attorneys will help you understand and navigate tax planning and estate planning issues, including the gift tax and inheritance tax.
Gift Tax Lawyers
Our attorneys recognize that each tax plan is unique — we draft our own documents to ensure every last detail is geared to your specific needs. Using our 25-plus years of experience with estate tax planning, we will walk you through each step of this complex area of estate law. Our goal is that you pay as few state taxes as possible on your inheritance under New Jersey law.
We will assist you in creating the best possible circumstances for your family in the event of your death. Contact our gift tax attorneys today to discuss minimizing estate taxation by New Jersey.