New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 8-2

An executor or administrator may or, if required by the court wherein he is accountable or if the exemption for the benefit of the family of the decedent is to be set off as allowed by section 3A:8-6 of this title, shall make a true and perfect inventory of the personal property of his decedent, which has come to his hands, possession or knowledge or into the hands of any other person for him, and cause a just appraisement thereof to be made by 2 discreet and impartial persons, and file the same.

The court shall not require an inventory and appraisement to be filed until 3 months after the grant of letters, except that if such an exemption is to be set off, the inventory and appraisement shall be made within the 3 months.