Unformatted text preview: 2. Describe the Intestate Succession process, when is it applicable, what are its limitations, what are its requirements, who benefits, what is the source of information for it and identify an important date in connection with it and explain the significance of that date. Intestacy occurs when someone dies without a will or when someone has a will but did not meet the requirements of N.J.S.A. 3B:3-1. Intestate succession in New Jersey follows N.J.S.A. 3B:5. The source of information about the heirs of the decedent comes from family members and the court. The people that benefit from intestacy are the closest blood relatives. It requires that the court appoint a Executor/rix because there is no will so no Personal Representative was named or a close blood relative may petition to become the Personal Representative this usually is the spouse if there is one....
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- Spring '08
- Inheritance, attorney, Wills and trusts, N.J.S.A. 3B