N.J. Admin. Code § 18:26-11.2
Current through Register Vol. 56, No. 21, November 4, 2024
An executor, administrator, or trustee is not permitted to turn over any property subject to an executory devise, an estate in expectancy of any kind or character that is contingent or defeasible, or a power of appointment unless the New Jersey transfer inheritance tax and the New Jersey estate tax including any interest due has been first paid to the Director. Any executor, administrator, or trustee who transfers such property prior to having paid the tax and interest chargeable, if any, are personally liable for such payment. See N.J.S.A. 54:35-2.
N.J. Admin. Code § 18:26-11.2