The estate planning attorneys of the New Jersey law firm Begley Law Group, PC, find that one of the first issues many clients wish to address, either when meeting to discuss estate planning or estate administration, is the nature of taxation on an estate.<\/p>\n
There are two types of possible tax assessments against an estate. First, there is estate tax, which can include, based upon the assets attributable thereto, an assessment from the state(s) in which the individual passed away or owned property, as well as the imposition of federal tax, based upon those assets in which an individual would otherwise direct for distribution to heirs from his or her estate. The estate tax is calculated in consideration of the net value of the property owned by the decedent at the time of their passing. Second, an estate, depending on the relationship of the heirs who are to be receiving a distribution (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The estate planning attorneys of the New Jersey law firm Begley Law Group, PC, find that one of the first issues many clients wish to address, either when meeting to discuss estate planning or estate administration, is the nature of…<\/span><\/p>\n