New Jersey Statutes 3B:10-14. Appointment of debtor as executor; debt not discharged
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Terms Used In New Jersey Statutes 3B:10-14
- Decedent: A deceased person.
- Estate: means all of the property of a decedent, minor or incapacitated individual, trust or other person whose affairs are subject to this title as the property is originally constituted and as it exists from time to time during administration. See New Jersey Statutes 3B:1-1
- Executor: A male person named in a will to carry out the decedent
The appointment of a debtor as executor shall not, unless otherwise expressed in the will, be construed to discharge the executor from payment of the debt, but the debt shall be considered an asset in the hands of the executor and shall be accounted for in the same manner as any other part of the decedent‘s estate.
L.1981, c. 405, s. 3B:10-14, eff. May 1, 1982.