http://www.patellawoffices.com/blog/general-estate-planning-and-probate/new-jersey-inheritance-tax-2/ Your Information Center for wills, trusts, estates, tax, asset protection planning, estate tax minimization, special needs trusts, medicaid planning, succession planning, and estate administration. Mon, 06 Feb 2012 22:46:31 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.patellawoffices.com/blog/general-estate-planning-and-probate/new-jersey-inheritance-tax-2/comment-page-1/#comment-20756 Parag Patel, Attorney Mon, 11 Apr 2011 03:30:09 +0000 http://www.patellawoffices.com/blog/?p=265#comment-20756 Yes, it may be possible to divide such that under $25K exemption amount. A disclaimer is possible in such instances if made within 9 months of death (too late in this instance). The NJ Inheritance tax is high and unfair and hits some of our smaller estate clients quite hard unexpectedly. Yes, it may be possible to divide such that under $25K exemption amount. A disclaimer is possible in such instances if made within 9 months of death (too late in this instance). The NJ Inheritance tax is high and unfair and hits some of our smaller estate clients quite hard unexpectedly.

]]> http://www.patellawoffices.com/blog/general-estate-planning-and-probate/new-jersey-inheritance-tax-2/comment-page-1/#comment-19458 Anonymous Thu, 24 Feb 2011 20:12:58 +0000 http://www.patellawoffices.com/blog/?p=265#comment-19458 soory we live in NJ and so did my brother who passed away soory we live in NJ and so did my brother who passed away

]]> http://www.patellawoffices.com/blog/general-estate-planning-and-probate/new-jersey-inheritance-tax-2/comment-page-1/#comment-19456 WILLIAM Thu, 24 Feb 2011 20:04:42 +0000 http://www.patellawoffices.com/blog/?p=265#comment-19456 any help, my bother passed away in 2006 had no kids just 3 brothers and 4 sisters. he left his annuity to my sister and after 20% income tax was withheld she netted 89650.50. there was also a pension for 250,000 wich is be payed out over 10 yrs to my sister. then the sale of the house for 160,000 in which 80,000 went to pay off the exhisting mortgage. the nett monies is to be splt between all seven of us. what is the enheratence tax that we would have to pay? Can we devide the money up so that we each recieve an amount under 25,000? our Lawyer is saying we owe 40,127.00 in inheratance ta, that seem to be very high for such a small estate. thanks for you help any help, my bother passed away in 2006 had no kids just 3 brothers and 4 sisters. he left his annuity to my sister and after 20% income tax was withheld she netted 89650.50. there was also a pension for 250,000 wich is be payed out over 10 yrs to my sister. then the sale of the house for 160,000 in which 80,000 went to pay off the exhisting mortgage. the nett monies is to be splt between all seven of us. what is the enheratence tax that we would have to pay? Can we devide the money up so that we each recieve an amount under 25,000? our Lawyer is saying we owe 40,127.00 in inheratance ta, that seem to be very high for such a small estate. thanks for you help

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