Changes May be Coming to New Jersey’s Inheritance and Estate Tax

A repeal of New Jersey’s inheritance tax is being considered by lawmakers in the state. A change to the current inheritance and estate tax system has been suggested by the state’s governor, Chris Christie. Possibly raising the threshold for the estate tax from the current $675,000, is also being considered.

 See, New Jersey Lawmakers Consider Repel of State’s Inheritance Tax, CBS New York, Aug. 24, 2014.