QUESTION
What makes up the net value of an estate. Is it only the monies that enter in and out of the estate account
Asked on Aug 25th, 2014 on Estate Planning - New Jersey
More details to this question:
Does an annuity that was paid direct to the beneficiaries get calculated into the estate value or this exempt.
1 ANSWER
2 Awards
For estate tax purposes, this amount would be included in the estate value. the exemption in New Jersey is any amount under the total of $675,000. If the estate is over that amount, estate taxes are due.
Answered on Aug 27th, 2014 at 5:05 AM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship