New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 7-4

a. If required by the court or if an exemption is to be set off as required in chapter 8 of this Title, to make a true and perfect inventory of the real and personal property of the decedent which has or shall come to his hands, possession or knowledge or into the hands of any other person for him, and to cause to be made an appraisement of the real and personal property and to file the inventory and appraisement in the office of the clerk of the Superior Court or of the surrogate of the proper county, as the case may be, within the time so required.

b. To administer well and truly all the real and personal property of the decedent which may come into his hands or possession into the hands or possession of any other person for him;

c. To make a just and true account of his administration and, if required by court, to settle his account therein within the time so required;

d. To deliver and pay to the distributees entitled thereto by law the surplus property of the decedent as may remain pursuant to the account; and

e. To deliver his letters of administration to the proper court, when required so to do, if a will of the decedent is found and exhibited to it and by it admitted to probate.