New Jersey to Repeal Its Estate Tax

Day Pitney Partner Angela Titus McEwan authored an article, "New Jersey to Repeal Its Estate Tax", published in the New Jersey Law Journal. In the article, Titus McEwan discusses possible impacts from the estate tax repeal in New Jersey. For instance, she writes, New Jersey estates subject to the federal estate tax (i.e., net taxable estates exceeding $5.45 million in 2016) will actually owe more federal estates taxes as a result of the New Jersey estate tax changes. "Individuals whose estate plans include trusts that may have been funded by formulas or other references to the New Jersey estate tax may wish to have their plans reviewed by their estate and trust attorney," Titus McEwan writes, "to ensure that their plans remain viable in light of these changes."