Assertion: estate | /r/CapableOf | treat property
Facets:
value: for new jersey purposes
type: PURPOSE
Source sentences:
text: A married decedent's estate is authorized to make an election on Form IT-Estate to treat property as marital deduction qualified terminable interest property ("QTIP") for New Jersey purposes, but married New Jersey couples cannot defer payment of both New Jersey estate taxes and federal estate taxes until after the death of the surviving spouse using an ABC Trust scheme.