Estate Closure Should be Completed by an Experienced Lawyer

In accordance with the law, an estate is responsible for paying the following with the assets from an estate:

Expenses for the decedent’s funeral; Administration expenses, which includes legal fees, probate fees, and appraisals among others; Money owed to the government such as estate and income taxes; and Real property taxes that were accrued prior […]

New Jersey Estate Tax

In New Jersey, any estate larger than $675,000 is subject to the New Jersey Estate Tax.

A New Jersey estate tax return, Form IT Estate, must be filed if the decedent’s gross estate plus adjusted taxable gifts exceeds $675,000 within 9 months of date of death. The New Jersey estate tax is either the maximum […]

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