Legal Question in Wills and Trusts in New Jersey
New Jersey. My dad's will left $10000 to a non-family member. I have paid the inheritance tax of $1500 to the State. Does the heir then get $7500 or does he get the full $10000 with the estate absorbing the tax?
Asked on 8/14/09, 12:25 pm
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
It depends upon the language of the Will, which I have not seen. Some Wills have language that charge all death taxes to the general estate (beneficiary of a specific bequest gets full amount) and some charge the taxes to the beneficiary (beneficiary gets net amount).. Unless and until I see what the Will provides, I cannot give a specific answer.
Answered on 8/19/09, 12:59 pm
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