N.J. Admin. Code § 18:26-5.14

Current through Register Vol. 56, No. 11, June 3, 2024

Section 18:26-5.14 - Proceeds payable to testamentary trustee

Life insurance proceeds payable to a trustee or trustees of a testamentary trust created under the will of a decedent are not subject to transfer inheritance tax.

Adopted by 50 N.J.R. 1624(a), effective 7/16/2018