Ask Experts Questions for FREE Help !
Ask
    gamrobe's Avatar
    gamrobe Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 5, 2007, 11:57 AM
    Estate Taxes in New Jersey
    If a bank account is titled in my wife's name and sons name and I die, is her money considered part of my estate?

    Thanks
    Gamrobe
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 5, 2007, 11:21 PM
    Yes, but it is not subject to court probate, as rights of survivorship will be invoked by law.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Taxes: Living in New York City but working in New Jersey [ 7 Answers ]

I live in New York City but work in New Jersey. I'm married no children. I'd like to find out about what are my taxes for New York City and New York State? Also, any advise for me for the next tax year on what to withhold from my employer? Thank you.

Estate taxes [ 2 Answers ]

How much must an estate be worth in California before you have to pay state inheritance tax?

Taxes New York v New Jersey [ 1 Answers ]

I currently live in New Jersey and work in New York. Would there be a tax benefit of working in NJ instead?

New York & New Jersey Taxes [ 1 Answers ]

I disparately need help w/ taxes this year! I just bought a house in New Jersey and have been living there since October of '05. Before that I have been renting in Queens NY. I work in NY as well. I am trying to avoid filling out dual state tax forms... What forms do I need to fill out? Do...

Estate taxes, appraisal, and property sale [ 1 Answers ]

A family member died in 3/05 and left us two houses in California in a trust. We'd like to get appraisals that are hopefully below $1.5 million to avoid the estate tax. What happens if we then sell the two houses and the sale prices are above the appraised values? Is estate tax recalculated? ...

View more questions Search