NJ inheritance tax
grandfather passed away and left money to his grandson.
Am I correct in stating that the grandson is a “D” beneficiary and will pay inheritance tax of 15% on the first 700k?
or…
Is the grandson consider an A beneficiary since he is blood related?
thank you.
Douglas
Permalink Submitted by Bruce Steiner on Fri, 2017-05-05 19:33
A grandchild is Class A.