Estate & Inheritance Tax Planning
Navigate NJ inheritance tax and federal estate planning with a licensed CPA.
Estate and inheritance tax planning involves analyzing how assets will transfer at death and structuring your estate to minimize transfer taxes for your heirs. Monaco CPA provides NJ inheritance tax return preparation, federal estate tax analysis, and coordination with estate planning attorneys for NJ families and business owners.
New Jersey abolished its estate tax in 2018, but the NJ inheritance tax is still very much alive and can hit families hard when assets pass to siblings, in-laws, or non-family beneficiaries.
At Monaco CPA, I provide inheritance tax return preparation (Form IT-R), federal estate tax analysis, and coordination with estate attorneys to ensure the tax picture is handled correctly alongside the legal planning.
Whether you need the NJ inheritance tax return prepared after a loss, or are planning ahead to protect your heirs, I can help you understand your exposure and your options.
What's Included
How It Works
Review Estate Situation
I review the decedent's assets, beneficiaries, and estate documents to identify all applicable taxes.
Prepare Returns
I prepare NJ Form IT-R, federal Form 706 if applicable, and any required trust income tax returns.
Coordinate Waivers
I assist with the NJ tax waiver process to release holds on financial accounts and real estate transfers.
Plan Ahead
I analyze beneficiary designations, gifting strategies, and entity structures to reduce future transfer tax exposure.
Frequently Asked Questions
Did NJ repeal its estate tax?
Who is exempt from NJ inheritance tax?
When must the NJ inheritance tax return be filed?
What is the 2025 federal estate tax exemption?
Does Monaco CPA prepare trust tax returns?
"I've had a great experience working with Greg Monaco. He is incredibly detail-oriented and thorough, making sure everything is handled correctly and fully compliant. What really stood out to me is how proactive and dedicated he is. He goes above and beyond to ensure he has a complete understanding before making any recommendations. Greg is also exceptionally patient and takes the time to clearly explain things in a way that's easy to understand, which is something I truly value and haven't always found with other CPAs. Throughout the entire process, I felt confident that he had my best interests as a top priority. I'm looking forward to continuing to work with him long-term and would highly recommend him to anyone looking for a knowledgeable, responsive, and trustworthy CPA."
Laura M.
These testimonials reflect individual client experiences and do not guarantee similar outcomes. Results vary based on each client's specific facts and circumstances. No client was compensated for providing a review. Tax savings and outcomes depend on individual tax situations and are not typical of all client experiences.
Tax Tips & Insights from Greg Monaco, CPA
Practical tax advice, deadline reminders, and money-saving strategies delivered to your inbox. No spam, unsubscribe anytime.
By subscribing, you agree to the Privacy Policy.
Ready to Get Started?
Start your tax return or send a message to discuss how I can help.
Use of this website does not create a CPA-client relationship.
IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. federal tax advice contained herein is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.