Code · New Jersey · Title 3B — Administration of Estates--Decedents and Others · Chapter 8

3B:8-8 Valuation of property derived from decedent.

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Valuation of property derived from decedent.

For the purposes of valuing property derived from the decedent as provided in N.J.S. 3B:8-6:

a. Property owned by the spouse or domestic partner at the decedent's death is valued as of the date of decedent's death; and

b. Property transferred by the spouse or domestic partner is valued at the time the transfer became irrevocable, or at the decedent's death, whichever occurs first.

Amended 2005, c.331, s.13.