As
used in this title, unless otherwise defined:
"Administrator"
includes general administrators of an intestate and unless restricted by the
subject or context, administrators with the will annexed, substituted
administrators, substituted administrators with the will annexed, temporary
administrators and adminstrators pendente lite.
"Beneficiary," as it
relates to trust beneficiaries includes a person who has any present or future
interest, vested or contingent and also included the owner of an interest by
assignment of other transfer and as it relates to a charitable trust, includes
any person entitled to enforce the trust.
"Child" means any
individual, including a natural or adopted child, entitled to take by intestate
succession from the parent whose relationship is involved and excludes any
person who is only a stepchild, a foster child, a grandchild or any more remote
descendant.
"Claims" include liabilities whether arising in contract,
or in tort or otherwise, and liabilities of the estate which arise at or after
the death of the decedent, including funeral expenses and expenses of
administration, but does not include estate of inheritance taxes, demands, or
disputes regarding title to specific assets alleged to be included in the
estate.
"Confiduciary" means each of two or more fiduciaries jointly
serving in a fiduciary capacity.
"Devise," when used as a noun, means
a testamentary disposition of real or personal property and when used as a
verb, means to dispose of real or personal property by will.
"Devisee"
means any person designated in a will to receive a devise. In the case of a
devise to an existing trust or trustee is the devisee and the beneficiaries are
not devisees.
"Distributee" means any person who has received
property of a decedent from his personal representative other than as a
creditor or purchaser. A trustee is a distributee only to the extent of a
sitributed asset or increment thereto remaining in his hands. A beneficiary of
a trust to whom the trustee has distributed property received from a personal
representative is a distributee of the personal representative.
"Domiciliary
foreign fiduciary" means any fiduciary who has received letters, or has
been appointed, or is authorized to act as a fiduciary, in jurisdiction in
which the decedent was domiciled at the time of his death, in which the ward is
domiciled or in which is located the principal place of the administration of a
trust.
"Estate" means all of the property of a decedent, minor or
mental incompetent, trust or other person whose affairs are subject to this
title as the property is originally constituted and as it exists from time to
time during adminstration.
" Fiduciary" includes executors, general
adminstrators of an intestate, adminstrators with the will annexed, substituted
administrators with the will annexed, guardians, substituted guardians,
trustees, substituted trustees and, unless restricted by the subject or
context, temporary administrators, administrators pendente lite, administrators
ad prosequedum, administrators ad litem and other limited fiduciaries.
"Guardian"
means a person who has qualified as a guardian of a person or estate of a minor
or mental incompetent persuant to testamentary or court appointment, but
excludes on who is merely a gaurdian ad litem.
"Heirs" means those
persons, including the surviving spouse, who are entitlesd under statutes of
intestate succession to property of a decedent.
L. 1981, c 3b:1-1, eff. May 1,
1982.
For
more information, go to http://njwillsprobatelaw.com/3b_1-1_definitions.html?id=2116&a=
No comments:
Post a Comment