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New Jersey: rules and deadlines at a glance
Every 9 topic we track for New Jersey on one page. Open a topic for the details, the law it comes from and how New Jersey compares.
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Medicaid long-term care · Small estate limits · Will and trust rules · Estate and inheritance tax · Common law marriage · Property tax rates · Medicaid expansion · Inheritance tax · Social Security tax
General information only, not legal, insurance or financial advice. Not affiliated with any government agency. Exceptions can apply; open a topic for the details.
| Home equity limit | $1,130,000 |
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| Look-back | 60 months (5 years) |
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| Small estate limit | $50,000 (spouse or partner, no will); $20,000 for other heirs |
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| Wait after death | None |
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| Real estate | Yes |
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| Witnesses | 2 |
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| Handwritten will | Valid if the signature and material parts are in your handwriting |
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| Uniform Trust Code | Yes |
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| Estate tax | No state estate tax |
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| Inheritance tax | Yes: exemption Up to $25,000 depending on the heir; rates Up to 16% |
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| New ones allowed? | No new ones |
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| Status | Abolished Dec. 1, 1939 |
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| Effective rate | 1.88% |
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| On a $300,000 home | $5,640 a year |
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| Expanded? | Yes |
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| Since | Jan. 1, 2014 |
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| Inheritance tax? | Yes |
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| Sibling pays | 11%-16% on amounts over $25,000 |
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