N.J. Admin. Code § 18:26-6.8
Current through Register Vol. 56, No. 11, June 3, 2024
The transfer of property to a beneficiary or beneficiaries of a trust created during the lifetime of a resident or nonresident decedent, to the extent such property results from the proceeds of any contract of insurance, insuring the life of such decedent and paid or payable to a trustee or trustees of such trust by reason of the death of such decedent, is exempt from the New Jersey transfer inheritance tax irrespective of whether such beneficiary or beneficiaries have a present, future, vested, contingent, or defeasible interest in such trust.
N.J. Admin. Code § 18:26-6.8