If the decedent has a surviving spouse but no children of the decedent and no parents, the surviving spouse receives 100% of the estate and no bond is required.
If the decedent has a surviving spouse and children of the decedent’s all of whom are also children of the spouse and no other descendants the spouse will receive 100% of the estate and no bond will be required. The children receive nothing.
If the decedent has a surviving spouse and no children of the decedent but surviving parent the spouse will receive the first 25% of the estate but not less than $ 50,000 nor more than $ 200,000 plus three-fourth of the balance of the estate; parents receive all other assets. A bond will be required for an estate over $ 50,000.
If the decedent has a surviving spouse and children of the decedent whom are not children of the surviving spouse, the spouse will receive the first 25% of the estate but not less than $ 50,000 nor more than $ 200,000 plus one-half the balance; children will receive all other assets. A bond will be required for an estate over $ 50,000.
If the decedent has a surviving spouse and children of the decedent and children who are not children of the decedent the spouse will receive the first 25% of the estate but not less than $ 50,000 nor more than $ 200,000 plus one-half the balance; children receive all other assets. A bond will be required for an estate over $ 50,000.
If the decedent has no spouse, no children of decedent, no parents, no descendants of parents, no grandparents or descendants of grandchildren but children of the spouse (stepchildren) the stepchildren will receive 100% of the estate and a bond will be required.
If you die leaving no spouse, no children of the decedent, no parents, no descendants of parents, no grandparents or descendants of grandparents and no children of a spouse the estate passes to the State of New Jersey Unclaimed Property Administrator.http://www.mercercounty.org/government/county-surrogate/administration-of-estate-no-will
No comments:
Post a Comment