QUESTION
What is the timeframe of property transferred from parent to child to avoid inheritance taxes?
Asked on May 16th, 2014 on Elder Law - New Jersey
More details to this question:
Mother wants to put the house in children's name. How many years ownership is required to protect the us from NJ or Federal inheritance taxes?
1 ANSWER
2 Awards
There are no inheritence taxes between a parent and child. You might be thinking of estate taxes which are imposed on estates over $675,000.
Answered on May 18th, 2014 at 8:52 PM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship