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Form L-8 (04-03) STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY DIVISION OF TAXATION Individual Tax Audit Branch Transfer Inheritance and Estate Tax 50 Barrack Street - PO Box 249 Trenton, New Jersey.

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Form L-9 is an affidavit executed by the executor, administrator or joint tenant requesting the issuance of a tax waiver for real property located in New Jersey which was held by a resident decedent.

NJ Taxation What is an Inheritance or Estate Tax Waiver (Form 0-1)? Form 0-1 is a “waiver" that represents the written consent of the Director of the Division of Taxation to transfer or release certain property in the name of a decedent.

Now that less NJ death tax returns are being filed, when an estate is not required to file an inheritance tax return, it is easy to forget that a tax waiver is still needed to establish that a decedent's real property is free from state death tax liens.

The inheritance tax is imposed on a beneficiary that receives property valued at $500 or more. Therefore, if you receive something worth $499, you will not be required to pay any inheritance taxes. Life insurance is also exempt.

How long does it take to get an inheritance tax waiver in NJ? The entire process can take from three months to a year before the waivers are released, much to the exasperation of the executors, administrators and the estate beneficiaries, she said.

Waivers (Form 0-1) can only be issued by the Inheritance Tax Branch of the NJ Division of Taxation. It is not a form you can obtain online or fill out yourself. In most circumstances, some kind of return or form must be filed with the Division in order to have a waiver issued.

Form L-8 (Affidavit & Self-Executing Waiver) This form may be used in most cases to transfer bank accounts, stocks, bonds and brokerage accounts, when the transfer or release is to a Class "A" beneficiary.

The original of this affidavit must be filed by the releasing institution within five business days of execution with the Division of Taxation, Individual Tax Audit Branch - Transfer Inheritance Tax, 50 Barrack Street, PO Box 249, Trenton, NJ 08695-0249.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232