ESTATE ADMINISTRATION WHERE THERE IS NO WILL

A person who passes away without having a Will leaves what is referred to as an intestate estate.  The administration of the decedent’s estate must be opened in the County where the he or she resided at the time of death.   The person who is seeking to qualify as...

Estate and Inheritance Taxes in New Jersey

New Jersey collects both an inheritance tax and its own estate tax, separate from the federal estate tax. Under current law, estates with a total value of more than $675,000 are subject to the New Jersey estate tax. There is also an inheritance tax in New Jersey. It’s...

Why do I need a will?

If you don’t have a will, a court decides who gets your assets. A will is a device that lets you tell the world whom you want to get your assets. Die without one, and the state decides who gets what, without regard to your wishes or your heirs’ needs....