Legal Question in Wills and Trusts in New Jersey
My mother's estate is valued at $780,000 and is comprised of her home (~$470,000) and the remainder in bank accounts/cd. The NJ estate and inheritance returns were submitted to NJ in mid may. It's been close to ten weeks and I have heard nothing. Do you have any idea how long it takes for NJ to process a return and send out waivers for the home and banks?
Asked on 8/01/12, 7:21 am
3 Answers from Attorneys
Jonathan Chester
The Law Office of Jonathan S. Chester, Esq., LLC
Generally 4-6 months for NJ to issue waivers. If there are issues on the return, if it is audited, or if it is incomplete, it can be much longer.
Answered on 8/01/12, 7:28 am
John Ducey
Law Offices of John G. Ducey, PC
It takes a very long time.
Answered on 8/01/12, 8:57 am
Walter LeVine
Walter D. LeVine, Esq.
4-6 months is conservative. If house is being sold, it is possible that the time could be expidited.
Answered on 8/01/12, 9:08 am