Kenneth Vercammen & Associates, P.C.
2053 Woodbridge Ave.
Edison, NJ 08817
(732) 572-0500

Thursday, August 25, 2016

NJSA 3B:8-17 Value of Surviving Spouses or Domestic Partners Interest in Any Life Estate

3B:8-17. Value of surviving spouses or domestic partners interest in any life estate.

In an action for an elective share, the electing spouses or domestic partners total or proportional beneficial interest in any life estate in real or personal property or in any trust shall be valued at one-half of the total value of the property or trust or of the portion of the property or trust subject to the life estate.

Amended 2005, c.331, s.20.

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