§ 3B:23-1 Distribution of assets in kind
§ 3B:23-2 Valuation of assets
§ 3B:23-3 Method of distribution
§ 3B:23-4 Proposal of distribution; contents; time to object
§ 3B:23-5 Instrument of distribution
§ 3B:23-6 Proof of delivery of instrument of distribution conclusive evidence of distributee’s receipt of assets; exception
§ 3B:23-7 Protection of purchaser from or lender to distributee
§ 3B:23-8 Partition for purpose of distribution
§ 3B:23-9 Agreement among successors binding on personal representative
§ 3B:23-10 Distribution to guardian
§ 3B:23-11 Interest on general pecuniary devise
§ 3B:23-12 Abatement generally
§ 3B:23-13 General devise charged upon specific property or fund
§ 3B:23-14 Where will expresses order of abatement
§ 3B:23-15 Abatement where subject of specific devise sold
§ 3B:23-16 Distribution by order of court
§ 3B:23-17 Judgment for distribution
§ 3B:23-18 Distribution; when made
§ 3B:23-19 Order for filing claims of unknown distributees
§ 3B:23-21 Unclaimed estate assets
§ 3B:23-22 Deposit in court of money or other property of devisee, heir or beneficiary of trust in certain cases
§ 3B:23-23 Letters of trusteeship required before transfer to trustee
§ 3B:23-24 Refunding bond of devisee or distributee
§ 3B:23-25 Amount of bond; form
§ 3B:23-26 Condition of devisee’s bond
§ 3B:23-27 Condition of distributee’s bond
§ 3B:23-28 Bonds required of holders of determinable interests; in general
§ 3B:23-29 Bond when remainderman is lineal descendant of holder of determinable estate
§ 3B:23-30 Bond when the personal representative is holder of a determinable estate
§ 3B:23-31 Actions for distributive shares
§ 3B:23-32 Limitations on enforcement of devise
§ 3B:23-33 Action for devise
§ 3B:23-34 Conditions precedent to suit for devise
§ 3B:23-35 Extent of recovery
§ 3B:23-36 Plea of want of assets; procedure
§ 3B:23-37 Apportionment of certain real estate to pay devise
§ 3B:23-38 Effect of apportionment; filing and recording papers
§ 3B:23-39 Deposit with court; effect
§ 3B:23-40 Payment of interest on moneys deposited
§ 3B:23-41 Return of devise pro rata
§ 3B:23-42 Distribution of nonresident decedent’s estate
§ 3B:23-43 Right of retainer
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Terms Used In New Jersey Statutes > Title 3B > Chapter 23 - Distribution of Assets in Kind

  • Administrator: includes general administrators of an intestate and unless restricted by the subject or context, administrators with the will annexed, substituted administrators, substituted administrators with the will annexed, temporary administrators and administrators pendente lite. See New Jersey Statutes 3B:1-1
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • 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
  • Contract: A legal written agreement that becomes binding when signed.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • 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.
  • Devisee: means any person designated in a will to receive a devise. See New Jersey Statutes 3B:1-1
  • Distributee: means any person who has received property of a decedent from his personal representative other than as a creditor or purchaser. See New Jersey Statutes 3B:1-1
  • 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
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • 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
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Heirs: means those persons, including, but not limited to, the surviving spouse, the domestic partner and the descendants of the decedent, who are entitled under the statutes of intestate succession to the property of a decedent. See New Jersey Statutes 3B:1-1
  • Intestate: Dying without leaving a will.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Lineal descendant: Direct descendant of the same ancestors.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
  • Testate: To die leaving a will.
  • Testator: A male person who leaves a will at death.
  • Trustee: A person or institution holding and administering property in trust.