- Of Counsel
On October 14, 2016, Governor Chris Christie signed legislation raising the gas tax by 23 cents a gallon. As a part of that same legislation, the New Jersey estate tax will be phased out over the next fifteen months.
Under current law, and through the end of calendar year 2016, the threshold for the application of the New Jersey estate tax is $675,000. This means that if an individual dies in 2016 with a gross estate in excess of $675,000, his or her entire estate is subject to the New Jersey estate tax.
On January 1, 2017, the $675,000 New Jersey estate tax threshold will be replaced with an exclusion in the amount of $2,000,000 for estates of individuals dying during calendar year 2017. Estates with a gross value of $2,000,000 or less will not be subject to the New Jersey estate tax in 2017. There is a graduated estate tax of 8-16 percent on estates over $2,000,000. The New Jersey estate tax is eliminated for individuals dying on or after January 1, 2018.
The New Jersey inheritance tax remains intact. The inheritance tax generally applies to individuals who are not a spouse, lineal descendant or ascendant of the deceased person, and applies at rates ranging from 11-16 percent depending upon the degree of relationship to the deceased individual.
For more information, contact Valerie L. Howe, Esq., Director, Mason, Griffin & Pierson, P.C.
We are pleased to announce that firm attorney Anthony R. Todaro has been appointed as Planning Board attorney in the Borough of High Bridge (Hunterdon County).
We are pleased to announce that firm attorney Anthony R. Todaro has been appointed as Zoning Board attorney in Hamilton Township (Mercer County).
The mission of the Hunterdon Land Trust is to preserve the integrity of the rural landscapes in the Hunterdon County region by protecting/enhancing natural resources and the cultural landscape of the historic Dvoor Farm for public enjoyment and education. The Land Trust has helped protect more than 10,280 acres of farmland and open space and owns and manages nature preserves throughout Hunterdon County.
To learn more about HLT, visit:
At this webinar, attendees will receive updates and information from League Deputy General Counsel Trishka Waterbury Cecil on ethics and will receive updates/information from the Division of Local Government Services on the topics of Budgeting and Procurement.
Budget, Ethics, and Procurement Update Webinar
Trishka Waterbury Cecil, Of Counsel with the Firm, has completed her annual Year-End Law Review for 2020 (a/k/a the “Big Book”) which is now available for members on the New Jersey Institute of Local Government Attorneys (NJILGA) website: https://www.njilga.org/. At a webinar presented on November 19, 2020 at the New Jersey State League of Municipalities Virtual Conference, Trishka (NJILGA Past President) and Steve Goodell (Treasurer), highlighted and discussed selected local government cases from the past year and entertained questions and comments from attendees.
Sharon Dragan, a Director with the Firm, has recently been elected to serve as Secretary for the NJ Institute of Local Government Attorneys in 2021. For more information about the NJILGA, see
Click Link Here to read important information regarding the Families First Coronavirus Response Act.