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This Issues and Insights discusses important changes to New Jersey tax law for high-net-worth residents. New legislation in October 2016 raised the New Jersey estate tax exemption to $2,000,000 per person effective January 1, 2017, and repeals the estate tax completely as of January 1, 2018. The New Jersey inheritance tax remains unchanged and applies to transfers
June 12, 2017—On June 8th, the UK held general elections. The ruling Conservatives won more seats in the House of Commons than any other party, but fell short of retaining their governing majority. As a result, the Conservatives had to join up with a small regional northern Irish political party to form a coalition government.