Hi:
In lieu of alimony claim, wife agrees she will accept title to vehicle she drives that is presently in husband's name, provided husband also pays off the outstanding loan on the car. Husband also will waive his E. D. claim to wife's small retirement accounts in further consideration for the alimony waiver by wife.
Does husband have to pay NJ sales tax as a result of this transaction regarding the car that is part of a comprehensive marital settlement incident to a divorce?
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Robert Goldstein Esq.
Manalapan NJ
(732)972-1600
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