TestQ. How are annuities taxed as an inheritance? Is there a difference if I inherit it directly or if it goes to a trust for which I’m the beneficiary? A. “What seems like such a straightforward question is anything but that,” says Einhorn Barbarito Partner, and Chair of the Taxation/Trusts […]
Seven attorneys from Morris County law firm Einhorn Barbarito have been selected for The Best Lawyers in America© 2018. “We are proud of our attorneys, not only for the honor of being recognized once again by The Best Lawyers in America©, but for the hard work they do every day, […]
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Einhorn Barbarito Partner Answers NJ.Com Query Regarding Taxes Owed On Inherited Stock
August 9, 2017 | Results may vary depending on your particular facts and legal circumstances. Q. My aunt has me in her will to receive her company stocks. She has accumulated them over her work career since the 1950s. If the value is $200,000 upon her death, what would I have to pay in taxes? Einhorn Barbarito Partner, Gary R. Botwinick answers: “What you’d have […]
Q. I’m expecting an inheritance of about $100,000 from an uncle who lives in Pennsylvania. I know New Jersey has an inheritance tax. Do I have to worry about that? It will be $50,000 from life insurance and about $50,000 from bank accounts. A. It’s all about where the person […]
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