N.J. Admin. Code § 18:26-8.2

Current through Register Vol. 56, No. 21, November 4, 2024

Section 18:26-8.2 - Notice of appraisal; evidence; report

(a) An auditor, when it is deemed necessary, may give notice by mail to any person having knowledge of the assets of any estate, indicating the time and place an appraisal of property is to be made, requesting the presence of such person if necessary as a witness to give evidence under oath concerning property and the value thereof

(b) The auditor, should the witness fail or refuse to attend, may issue a subpoena to compel the attendance of a witness.

(c) If an estate has filed a Federal estate tax return, for which a formal appraisal of any nature is required, an auditor may request that a copy of such appraisal be submitted for New Jersey transfer inheritance tax purpose.

(d) Upon completion of the examination for any property and attainment of any information solicited from witnesses, the appraiser is required to make a report and file the same with the Transfer Inheritance Tax Branch.

(e) These powers are in addition to or supplement the power of the Director to examine records, conduct hearings, issue subpoenas, and compel witnesses to attend hearings and produce records as provided in N.J.A.C. 18:26-12.4, 12.5, 12.6, and 12.7.

N.J. Admin. Code § 18:26-8.2

Adopted by 50 N.J.R. 1624(a), effective 7/16/2018