Legal Question in Wills and Trusts in New Jersey

Re: NJ IT-Estate Form

You do not say who are the beneficiaries of the sister's estate. There are 2 possible inclusions from the estate account that may need to be inluded in Mom's estate: (1) If Mom was a beneficiary, her share of the account must be included and (2) If Mom was to get a commission from the estate for being the Executor the commission needs to be included. Someone needs to complete the sister's estate (the successor executor named in her Will), or if there is none, possibly you. If you need more information or assistance contact me directly.

Re: NJ IT-Estate Form

The estate account where your mother was serving as executor, would normally NOT be included in your mother's taxable estate.

However, if she is the sole beneficiary of that estate, or is entitled to a % of that estate account, then that amount would be included in her taxable estate.

Re: NJ IT-Estate Form

Two issues are involved. (1) If Mom was a beneficiary, her share of the account must be included and (2) if she was entitled and would have taken a commission for her services, this also must be included. Additionally, someone must replace Mom in the sister's estate to complete the work. If a successor Executor has been named, he/she should qualify and take over. If there is no successor named, you may be able to do it. Contact me directly if you need more information or assistance.