What is the name of your state? PA/NJ
My mom is a beneficiary in her aunt's will. She received a letter in Aug '07 from the executor. Can someone decipher what these statements mean?
"As for the balance of the Estate, although no Federal Gift and Estate Taxes were owed, a return for the New Jersey STate Transfer and Inheritance Tax is being prepared and Filed. Upon receipt of the New Jersey Satisfaction in conncetion therewith, the balance of the Estate will be used to satisfy any outstanding EStstae debts and thereafter, final distribution will be made."
I guess I'm wondering what the NJ State and Transfer & Inheritance Tax is and how long does it take to prepare and file since this letter was sent last Aug. The executor will not return the beneficiaries emails as to what's going on. I've sent a letter requesting status of the probate from the Surrogate and I am still waiting to hear back.
Thanks!
My mom is a beneficiary in her aunt's will. She received a letter in Aug '07 from the executor. Can someone decipher what these statements mean?
"As for the balance of the Estate, although no Federal Gift and Estate Taxes were owed, a return for the New Jersey STate Transfer and Inheritance Tax is being prepared and Filed. Upon receipt of the New Jersey Satisfaction in conncetion therewith, the balance of the Estate will be used to satisfy any outstanding EStstae debts and thereafter, final distribution will be made."
I guess I'm wondering what the NJ State and Transfer & Inheritance Tax is and how long does it take to prepare and file since this letter was sent last Aug. The executor will not return the beneficiaries emails as to what's going on. I've sent a letter requesting status of the probate from the Surrogate and I am still waiting to hear back.
Thanks!
Last edited: