What are some reliable New Jersey estate tax calculators?


Quick Answer

One reliable New Jersey estate tax calculator is featured at Rose & Zucker. The company is a member of the National Academy of Elder Law Attorneys, Inc., notes Rose & Zucker.

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Full Answer

New Jersey imposes a tax on qualifying estates that is exclusive of federal estate taxes, states NOLO. As of 2015, estates with an aggregate worth exceeding $675,000 are taxed under New Jersey law. The free online estate tax calculator provided by Rose & Zucker does not take into account federal exemptions, which need further computations.

To use Rose & Zucker's estate tax calculator, information such as assumed yearly growth rate of the estate, estimated date of death, owner's assets, liabilities, life insurance proceeds and charitable settlements from the estate are needed. Assets can be in the form of real estate, bank accounts, retirement investments, non-retirement investments, personal property, business ownership interests and other financial resources, such as a prospective inheritance.

Mortgages, loans and other debt can be placed under the liabilities section of the estate tax calculator. Users may also input life insurance earnings where the recipient of the coverage is either the estate owner or not.

The John Hancock Life Insurance website also features a estate tax calculator. Users can select New Jersey from the "State" drop down menu to calculate estate taxes in New Jersey.

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