N.J. Admin. Code § 18:26-6.9
Current through Register Vol. 56, No. 21, November 4, 2024
The transfer of life insurance proceeds insuring the life of a resident or nonresident decedent, paid or payable by reason of the death of such decedent to a trustee or trustees of a trust created by such decedent during his lifetime for the benefit of one or more beneficiaries irrespective of whether such beneficiaries have a present, future, vested, contingent, or defeasible interest in such trust, is exempt from the New Jersey transfer inheritance tax.
N.J. Admin. Code § 18:26-6.9