New Jersey Statutes 3B:22-3. Abatement for purpose of paying claims and debts
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Terms Used In New Jersey Statutes 3B:22-3
- Claims: include liabilities whether arising in contract, or in tort or otherwise, and liabilities of the estate which arise at or after the death of the decedent, including funeral expenses and expenses of administration, but does not include estate or inheritance taxes, demands or disputes regarding title to specific assets alleged to be included in the estate. See New Jersey Statutes 3B:1-1
- 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
3B:22-3. The property of a decedent‘s estate shall abate for the purposes of paying debts and claims in the order prescribed in N.J.S. 3B:23-12
Amended 2004, c.132, s.83.