On Oct.14, Gov. Christie signed a new law (P.L. 2016, c.57) that will remove New Jersey from the top of the list as one of the worst states in which to die, and that may give pause to many New Jersey residents seeking to establish their domicile elsewhere before they do.
Currently, and through the end of 2016, the estate of a decedent who dies while domiciled in New Jersey is subject to New Jersey estate tax to the extent the net taxable estate exceeds $675,000.See generally, N.J.S.A. 54:38-1 to 38-16 ; N.J.A.C. 18:26-3A.1 to 3A.13.
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