N.J. Admin. Code § 18:26-6.7
Current through Register Vol. 56, No. 9, May 6, 2024
The proceeds of any contract of insurance insuring the life of a resident or nonresident decedent paid or payable, by reason of the death of such decedent, to one or more named beneficiaries other than the estate, executor, or administrator of such decedent are exempt for New Jersey transfer inheritance tax purposes.
N.J. Admin. Code § 18:26-6.7