New Jersey Statutes 3B:23-21. Unclaimed estate assets
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Terms Used In New Jersey Statutes 3B:23-21
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Devise: when used as a noun, means a testamentary disposition of real or personal property and when used as a verb, means to dispose of real or personal property by will. See New Jersey Statutes 3B:1-1
- Devise: To gift property by will.
- 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
- Fiduciary: A trustee, executor, or administrator.
- Fiduciary: includes executors, general administrators of an intestate estate, administrators with the will annexed, substituted administrators, substituted administrators with the will annexed, guardians, substituted guardians, trustees, substituted trustees and, unless restricted by the subject or context, temporary administrators, administrators pendente lite, administrators ad prosequendum, administrators ad litem and other limited fiduciaries. See New Jersey Statutes 3B:1-1
- Intestate: Dying without leaving a will.
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
3B:23-21. Unclaimed estate assets. When a fiduciary states a final account and there remains in the fiduciary‘s control a balance, devise, distributive share, dividend, or sum of money to be paid to a person and the person, or that person’s guardian, if a minor or a person who is incapacitated, fails to claim the balance, devise, distributive share, dividend, or sum of money within the period of time set forth in R.S.46:30B-37.1, then the property shall be disposed of as provided in N.J.S. 3B:23-19 if it is part of an intestate estate or otherwise presumed abandoned and handled in accordance with the “Uniform Unclaimed Property Act (1981),” R.S.46:30B-1 et seq.
amended 1989, c.58, s.3; 2001, c.109, s.3; 2013, c.103, s.51.