New Jersey Statutes 3B:23-15. Abatement where subject of specific devise sold
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Terms Used In New Jersey Statutes 3B:23-15
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
If the subject of a specific devise is sold or used incident to administration, abatement shall be achieved by appropriate adjustments in, or contribution from, other interests in the remaining assets.
L.1981, c. 405, s. 3B:23-15, eff. May 1, 1982.