NJ Inheritance Tax for Class D Beneficiary

New Jersey has had a Transfer Inheritance Tax for many years. There is no Inheritance Tax if property in going solely to spouse, children, grandchildren. However, an Inheritance Tax Waiver must be obtained on all real estate. Your attorney will prepare the Inheritance Tax Returns or L-9 Resident Decedent Affidavit Requesting Real Property Tax Waiver Form. After the tax waiver is obtained, your attorney needs to file with the County Clerk.
Currently, the law imposes a graduated Transfer Inheritance Tax ranging from 11% to 16% on the transfer of real and personal property with a value of $500.00 or more to certain beneficiaries. There is a NJ Estate Tax on most estates over $675,000.
A Transfer Inheritance Tax Return must be filed and the tax paid on the transfer of real and personal property within eight months after the death of either:
A RESIDENT decedent for the transfer of real or tangible personal property located in New Jersey or intangible personal property wherever situated, or
A NONRESIDENT decedent for the transfer of real or tangible personal property located in New Jersey. No tax is imposed on nonresident decedents for real property located outside of New Jersey and intangible personal property wherever situated.
http://www.njlaws.com/inheritance_tax...