For years New Jersey has been an unfriendly place to die, given the fact that it imposes both a Transfer Inheritance Tax and an Estate Tax, or both, on some estates. New Jersey’s Estate Tax is currently imposed upon all estates exceeding $675,000. However, on October 14, 2016 Governor Christie signed a new law that increases the Estate Tax threshold from $675,000 to $2,000,000 starting January 1, 2017. One year later as of January 1, 2018, the New Jersey Estate Tax will be repealed completely. This should be a welcome relief and give New Jersey residents less of a reason to leave the Garden State to seek domiciles in other states.
Environmental liability can last much longer than we think.
In a unanimous opinion, the New Jersey Supreme Court has ruled that bans on digital billboards are unconstitutional.
The New Jersey Appellate Division has addressed yet another case where neighbors clashed over who should be responsible for encroachments onto adjoining property.
Governor Christie's approval of an extension to the Permit Extension Act means many land use approvals in Cape May, Atlantic, Ocean and Monmouth Counties will be extended for another year.
A one year extension to the Permit Extension Act for Sandy-affected counties (including Atlantic, Ocean and Cape May) was approved by the General Assembly on June 27. It still needs to be acted upon by the Senate and Governor.
ASSEMBLY PANEL APPROVES GREEN BILL TO EXTEND BUILDING PERMITS FOR COUNTIES HIT HARDEST BY SUPERSTORM SANDY