3B:3-14.
Revocation of probate and non-probate transfers by divorce or annulment;
revival by remarriage to former spouse. a.Except as provided by the express
terms of a governing instrument, a court order, or a contract relating to the
division of the marital estate made between the divorced individuals before or
after the marriage, divorce or annulment, a divorce or annulment:
(1)revokes
any revocable:
(a)dispositions or appointment of property made by a divorced
individual to his former spouse in a governing instrument and any disposition
or appointment created by law or in a governing instrument to a relative of the
divorced individuals former spouse;
(b) provision in a governing instrument
conferring a general or special power of appointment on the divorced
individuals former spouse, or on a relative of the divorced individuals former
spouse; and
(c)nomination in a governing instrument of a divorced
individuals former spouse or a relative of the divorced individuals former
spouse to serve in any fiduciary or representative capacity; and
(2)severs
the interests of the former spouses in property held by them at the time of the
divorce or annulment as joint tenants with the right of survivorship or as
tenants by the entireties, transforming the interests of the former spouses
into tenancies in common.
In the event of a divorce or annulment, provisions
of a governing instrument are given effect as if the former spouse and
relatives of the former spouse disclaimed all provisions revoked by this
section or, in the case of a revoked nomination in a fiduciary or
representative capacity, as if the former spouse and relatives of the former
spouse died immediately before the divorce or annulment. If provisions are
revoked solely by this section, they are revived by the divorced individuals
remarriage to the former spouse or by the revocation, suspension or
nullification of the divorce or annulment. No change of circumstances other
than as described in this section and in N.J.S.3B:7-1 effects a revocation or
severance.
A severance under paragraph (2) of subsection a. does not affect
any third-party interest in property acquired for value and in good faith
reliance on an apparent title by survivorship in the survivor of the former
spouse unless a writing declaring the severance has been noted, registered,
filed, or recorded in records appropriate to the kind and location of the
property which are relied upon, in the ordinary course of transactions
involving such property, as evidence of ownership.
b.For purposes of this
section: (1) "divorce or annulment" means any divorce or annulment,
or other dissolution or declaration of invalidity of a marriage including a
judgment of divorce from bed and board; (2) "governing instrument"
means a governing instrument executed by the divorced individual before the
divorce or annulment; (3) "divorced individual "includes an
individual whose marriage has been annulled; and (4) "relative of the
divorced individuals former spouse" means an individual who is related to
the divorced individuals former spouse by blood, adoption or affinity and who,
after the divorce or annulment, is not related to the divorced individual by
blood, adoption or affinity.
c.This section does not affect the rights of any
person who purchases property from a former spouse for value and without
notice, or receives a payment or other item of property in partial or full
satisfaction of a legally enforceable obligation, which the former spouse was
not entitled to under this section, but the former spouse is liable for the
amount of the proceeds or the value of the property to the person who is
entitled to it under this section.
d.A payor or other third party making
payment or transferring an item of property or other benefit according to the
terms of a governing instrument affected by a divorce or annulment is not
liable by reason of this section unless prior to such payment or transfer it
has received at its home or principal address written notice of a claimed
revocation, severance or forfeiture under this section.
L.1981, c.405,
s.3B:3-14, eff. May 1, 1982; amended 2004, c.132, s.17; 2005, c.160, s.4.
For
more information, go to http://njwillsprobatelaw.com/3b_3-14.html?id=2145&a=
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