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Who is considered closest kin?

A persons next of kin is their closest living blood relative, including spouses and adopted family members. The designation as next of kin is important in the context of intestate succession, as a decedents next of kin is prioritized in receiving inheritance from the decedents estate.

Who is legal next of kin in NJ?

The law of intestate succession in New Jersey states that: If you die leaving a spouse, a registered domestic partner, or civil union partner and children who are also the children of the spouse or legal partner, the spouse/legal partner receives 100% of the estate and no bond is required to be posted.

How much does an executor get paid in NJ?

New Jersey statutes Title 3B establish that income commission is 6% but corpus commission is set on a variable scale. Corpus commission is currently 5% on the first $200,000; 3.5% on the next $800,000 (up to $1,000,000); 2% on the excess over $1,000,000 and there are adjustments for co-executors.

What is the order of next of kin in New Jersey?

Remember, the State of New Jersey takes your property if you have no Last Will and you do not have a spouse, child or descendants; parent(s); brother(s) or sister(s) and their descendants; grandparent(s); uncle(s), aunt(s) or their children; or their grandchildren.

What if an executor takes too long?

If the estate is ready to be distributed, but the executor is delaying distribution for some reason, a beneficiary can apply to the Court for an order to grant an interim distribution; and, The Court has the power to remove the executor for truly egregious delays, and to appoint someone else in his or her place.

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