For the purposes of valuing property derived from the decedent as provided in N.J.S. 3B:8-6:
a.Property owned by the spouse or domestic partner at the decedents death is valued as of the date of decedents death; and
b.Property transferred by the spouse or domestic partner is valued at the time the transfer became irrevocable, or at the decedents death, whichever occurs first.
Amended 2005, c.331, s.13.
For more information, go to http://njwillsprobatelaw.com/3b_8-8.html?id=2220&a=