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New Jersey Statutes Title 3B. Administration of Estates Decedents and Others 3B § 23-12

Current as of January 01, 2024 | Updated by Findlaw Staff

Except as provided in N.J.S.3B:23-14and except as provided in connection with the share of a surviving spouse who elects to take an elective share, shares of distributees abate, without any preference or priority as between real and personal property, in the following order:

a. Property passing by intestacy;

b. Residuary devises;

c. General devises;

d. Specific devises; and

e. Abatement within each classification is in proportion to the amount of property each of the beneficiaries would have received if full distribution of the property had been made in accordance with the terms of the will.

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Cite this article: FindLaw.com - New Jersey Statutes Title 3B. Administration of Estates Decedents and Others 3B § 23-12 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-3b-administration-of-estates-decedents-and-others/nj-st-sect-3b-23-12/

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