N.J. Admin. Code § 18:26-7.11

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

Section 18:26-7.11 - Counsel fees

(a) A deduction for counsel fees is allowed if such fees are reasonable. The appraised value of a decedent's estate, for New Jersey transfer inheritance tax and Federal estate tax purposes will not be considered as a criterion for the determination of the amount allowable as a deduction for counsel fees.

(b) No deduction is allowed for counsel fees paid to an attorney who is not a member of the Bar of the State of New Jersey, except in cases where the services rendered by such counsel relate to matters not involving the New Jersey transfer inheritance tax proceedings.

(c) At the discretion of the Director, counsel may be required to submit an affidavit of services provided for the personal representative of an estate where it appears that the amount claimed as a deduction for counsel fees is other than ordinary or reasonable.

N.J. Admin. Code § 18:26-7.11

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