New Jersey Statutes 3B:8-8. Valuation of property derived from decedent
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Terms Used In New Jersey Statutes 3B:8-8
- Decedent: A deceased person.
- Domestic partner: means a domestic partner as defined in section 3 of P. See New Jersey Statutes 3B:1-1
3B:8-8. 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.