New Jersey Estate Distribution Disagreements Lawyer
If you have lost a loved one and have been left property or assets, it is important to protect your legal rights. At Markowitz Gravelle, LLP, we represent estate fiduciaries (executors), and beneficiaries in a wide range of probate and estate administration issues. We are dedicated to protecting your interests and ensuring that the decedent's wishes are carried out after his or her death.
Contact us today online or by telephone at 866-437-1189 to speak with an experienced Trenton inheritance rights attorney. We represent clients from Trenton, Lawrenceville, Mercer County, Middlesex County, Burlington County and throughout New Jersey.
Protecting the Rights of Beneficiaries
In representing beneficiaries, we assist in dispute resolution, asset protection and taxation issues. The amount you are taxed depends on which class of beneficiary you belong to.
In New Jersey, beneficiaries fall into one of three categories:
- Class A beneficiaries: Spouses, parents, domestic partners, grand parents and decedents fall into this category. Class A beneficiaries are completely exempt from New Jersey inheritance tax.
- Class C beneficiaries: Siblings and spouses of children make up this category. Class C beneficiaries can receive up to $25,000 without being taxed. Anything over that amount is taxed at 11% - 16%.
- Class D beneficiaries: All other beneficiaries fall into this category. Class D beneficiaries can receive up to $500 with no tax burden. Anything above that amount is taxed at 15% - 16%.
- Class E beneficiaries (Charity): Any inheritance left to a charitable organization is totally exempt from New Jersey inheritance tax.
Class B beneficiaries is no longer a category. Life insurance paid to a named beneficiary is also totally exempt from state taxes to the beneficiary.
If you have questions about your inheritance rights, our attorneys are here for you. We have extensive experience handling probate and estate planning matters for clients throughout New Jersey.
Contact Us
If you need help with an estate planning or probate issue, we are here for you. Contact us today online or by telephone at 866-437-1189 to speak with an experienced Lawrenceville, New Jersey, estate planning attorney.
