Written by attorney Elga Amalia Goodman

What’s The Difference Between the “New Jersey Estate Tax” and the “New Jersey Inheritance Tax”?

New Jersey has both an estate tax and an inheritance tax. While many assume these terms are interchangeable, they are not. The NJ Estate Tax and the NJ Inheritance Tax are distinctly different.

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Calculating NJ estate and inheritance taxes can be complicated. If you are an Executor or beneficiary, getting assistance from experts such as estate planning and tax attorneys is highly advisable.

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