Legal Question in Wills and Trusts in New Jersey

Prior their death, the deceased signed over their home to a family member for $1. This was done within 3 years of the person's death. Does this property become part of the estate? (New Jersey)


Asked on 12/03/09, 6:17 am

1 Answer from Attorneys
Rosemary Simon Hoyle Law, LLC

Yes, in NJ the general proposition is that gifts transferred within 3 years of a decedent's death are includable in the estate for taxation purposes.

Read more
Answered on 12/08/09, 8:39 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in New Jersey