Legal Question in Wills and Trusts in New Jersey

It should pass to you outside of estate .If you need legal counsel please contact my office.

The property would pass to you automatically as the surviving joint owner....however, the home will be taxable in you fiance's estate. Therefore, the executor will need an appraisal of the house and the value of the mortgage as of date of death.

NJ has an inheritance tax, so because the two of you were not married yet, there will be a 15% tax on what he left you despite the fact that the house passes outside of probate. This must be paid within 8 months of death. You should really be having this conversation with your attorney though.

Kevin A. Pollock, J.D., LL.M.

www.PollockAtLaw.com

P: (609) 818-1555

Licensed to practice law in Florida, New Jersey, New York and Pennsylvania.

Also, visit my blogs at:

http://WillsTrustsEstates.blogspot.com/

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