NJ risk area

Complexity triggers in New Jersey

Scenarios that increase estate risk, such as blended families or multi-state property.

New Jersey provides a spousal elective share of the augmented estate and a statutory exemption of personal property for the decedent’s family.

Which situations create the most risk here?What types of families face higher default exposure?Where do disputes most often arise?

At a glance

Key takeaways

  • A surviving spouse (or eligible partner) can elect a one-third share of the augmented estate.
  • Personal property and wearing apparel reserved for the family are set aside before distribution to creditors.

Questions to consider

Questions this risk area helps you evaluate in New Jersey

  • Which situations create the most risk here?
  • What types of families face higher default exposure?
  • Where do disputes most often arise?

State overview

New Jersey provides a spousal elective share of the augmented estate and a statutory exemption of personal property for the decedent’s family.

  • A surviving spouse (or eligible partner) can elect a one-third share of the augmented estate.
  • Personal property and wearing apparel reserved for the family are set aside before distribution to creditors.

Sources

Risk sources

National sources provide baseline context; state statutes and court rules control in New Jersey.