reglab/housing_qa huggingface dataset:
NJ Rev Stat § 3B:16-7 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:16-7 - Selection of property to be exempted

3B:16-7. Selection of property to be exempted  From the completed inventory, the widow of the decedent, or his personal representative may select personal property to the value of $5,000.00 and a list of the property selected shall be annexed to the inventory. Personal property so selected shall thereupon become the property of the family and remain for their use. L.1981, c. 405, s. 3B:16-7, eff. May 1, 1982.
NJ Rev Stat § 3B:16-8 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:16-8 - Guardian to file inventory of estate of minor or person who is incapacitated.

3B:16-8 Guardian to file inventory of estate of minor or person who is incapacitated.  3B:16-8. Every guardian of the estate of a minor or a person who is incapacitated may, and if required by the court shall, file with the surrogate of the proper county or the clerk of the Superior Court an inventory, under oath, of all the real and personal property which is in the control, possession, or knowledge of the guardian or any other person on the guardian's behalf. The court shall not require an inventory and appraisal to be filed until three months have elapsed after the grant of letters. amended 2013, c.103, s.49.
NJ Rev Stat § 3B:17-1 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-1 - Filing of release or discharge.

3B:17-1 Filing of release or discharge.  3B:17-1. A fiduciary need not render or settle an account if the fiduciary files with the court a release or discharge from the beneficiary, ward, or cestui que trust who has reached majority and is not incapacitated. The release or discharge shall be executed and acknowledged as provided for deeds of real estate to be recorded. amended 2013, c.103, s.50.
NJ Rev Stat § 3B:17-2 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-2 - Accounts of personal representatives

3B:17-2. Accounts of personal representatives  A personal representative may settle his account or be required to settle his account in the Superior Court. Unless for special cause shown, he shall not be required to account until after the expiration of 1 year after his appointment. L.1981, c. 405, s. 3B:17-2, eff. May 1, 1982.
NJ Rev Stat § 3B:17-3 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-3 - Accounts of guardians and trustees

3B:17-3. Accounts of guardians and trustees  A guardian or trustee shall settle his account in the Superior Court at intervals as the court may require. A guardian or trustee may settle his first account within 1 year after his appointment or as soon thereafter as may be practicable. L.1981, c. 405, s. 3B:17-3, eff. May 1, 1982.
NJ Rev Stat § 3B:17-4 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-4 - Account and bond required of cofiduciary

3B:17-4. Account and bond required of cofiduciary  Upon good cause shown, the Superior Court may order each cofiduciary to account for all assets which may have come into his hands. The Superior Court may also require a fiduciary to give bond, in a sum and with sureties to be approved by the court, to each of his cofiduciaries to indemnify them against loss due to his neglect, default or breach of trust or to give a like bond to the Superior Court, conditioned for the faithful performance of his duties as a fiduciary and the proper disposition of all assets then in, or thereafter to come into, his hands. L.1981, c. 405, s. 3B:17-4, eff. May 1, 1982.
NJ Rev Stat § 3B:17-5 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-5 - Account by representative of deceased fiduciary

3B:17-5. Account by representative of deceased fiduciary  When a fiduciary dies without having filed an account or having fully settled and obtained an allowance of an account of the administration of the estate that has come into his hands, his legal representative may settle the account. L.1981, c. 405, s. 3B:17-5, eff. May 1, 1982.
NJ Rev Stat § 3B:17-6 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-6 - Examination of accountant on exceptions to account

3B:17-6. Examination of accountant on exceptions to account  On exceptions to an account of a fiduciary, the court or any party interested therein may examine the accountant, on oath, concerning the truth and fairness of the account. L.1981, c. 405, s. 3B:17-6, eff. May 1, 1982.
NJ Rev Stat § 3B:17-7 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-7 - Statements or information regarding assets as part of account

3B:17-7. Statements or information regarding assets as part of account  When, in an account, or in a complaint in an action for the settlement of an account, or in any writing annexed to the complaint or account, there appear lists of or statements or information as to the investments or other assets in a fiduciary's hands at the close of, or during, the period covered by the account or as to changes made in investments or other assets during that period, or there appear allegations or information as to other matters done or omitted by the fiduciary during the period, the complaint and the writing, statements, lists, information and allegations shall be deemed to be part of the account. L.1981, c. 405, s. 3B:17-7, eff. May 1, 1982.
NJ Rev Stat § 3B:17-8 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-8 - Effect of judgment allowing account

3B:17-8. Effect of judgment allowing account  A judgment allowing an account, including a guardian's intermediate account, after due notice, shall be res adjudicata as to all exceptions which could or might have been taken to the account, and shall constitute an approval of the correctness and propriety of the account, the legality and propriety of the investments and other assets, the legality and propriety of the changes in investments or other assets, and the legality and propriety of other matters, and also shall exonerate and discharge the fiduciary from all claims of all interested parties and of those in privity with or represented by interested parties except: a. For the investments and other assets in the fiduciary's hands at the close of the period covered by the account, and assets which may come into his hands after the close of the account; b. Insofar as exceptions to the account shall be taken and sustained; and c. As relief may be had from a judgment in any civil action. L.1981, c. 405, s. 3B:17-8, eff. May 1, 1982.
NJ Rev Stat § 3B:17-9 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-9 - Nontestamentary trustee defined

3B:17-9. Nontestamentary trustee defined  As used in this article, "nontestamentary trustee" means any owner of real or personal property who holds title thereto subject to equitable duties to deal with the property for the benefit of another or others arising from an express intention to create those duties manifested in writing otherwise than by a will or other testamentary disposition of property. L.1981, c. 405, s. 3B:17-9, eff. May 1, 1982.
NJ Rev Stat § 3B:17-10 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-10 - Settling accounts in the Superior Court

3B:17-10. Settling accounts in the Superior Court  A nontestamentary trustee shall have the right, in addition to and not in limitation of any other remedy now or hereafter provided, from time to time to settle his intermediate and final accounts in the Superior Court. L.1981, c. 405, s. 3B:17-10, eff. May 1, 1982.
NJ Rev Stat § 3B:17-11 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-11 - Surrogate's fees

3B:17-11. Surrogate's fees  The surrogate and the Clerk of the Superior Court shall receive for filing, auditing, and reporting to the court the accounts of nontestamentary trustees the same fees as are now or may hereafter be provided by law in the case of accountings by other fiduciaries. L.1981, c. 405, s. 3B:17-11, eff. May 1, 1982.
NJ Rev Stat § 3B:17-12 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-12 - Fiduciary, receiver or assignee; rental of safe deposit box; expenses of safe-keeping of securities

3B:17-12. Fiduciary, receiver or assignee; rental of safe deposit box; expenses of safe-keeping of securities  A fiduciary, receiver or assignee for the benefit of creditors may include as a part of the lawful expense of executing his trust a reasonable sum paid to a bank, trust company or safe deposit company organized under the laws of this State, or to a national bank doing business in this State, for safe deposit box rental for the safe-keeping or custody of the securities of the trust, as may be allowed by the court. A fiduciary, receiver or assignee for the benefit of creditors who holds under a lease or owns a vault within this State may include as a part of the lawful expense of executing his trust a reasonable sum for the safe-keeping of the securities and other property of the trust in the vault as may be allowed by the court. L.1981, c. 405, s. 3B:17-12, eff. May 1, 1982.
NJ Rev Stat § 3B:17-13 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:17-13 - Effect of nonjudicial settlement or waiver of account.

3B:17-13 Effect of nonjudicial settlement or waiver of account.  81. Unless the governing instrument expressly provides otherwise, an instrument settling or waiving an account, executed by all persons whom it would be necessary to join as parties in a proceeding for the judicial settlement of the account, shall be binding and conclusive on all other persons who may have a future interest in the property to the same extent as that instrument binds the person who executed it. L.2004,c.132,s.81.
NJ Rev Stat § 3B:18-2 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-2 - Commissions of nontestamentary trustee

3B:18-2. Commissions of nontestamentary trustee  On the settlement of the account of a nontestamentary trustee, as defined in N.J.S. 3B:17-9, the court shall allow him the compensation as may have been agreed upon by the instrument creating the trust; and in the absence of any express provision concerning compensation, shall allow him commissions in accordance with this chapter. L.1981, c. 405, s. 3B:18-2, eff. May 1, 1982.
NJ Rev Stat § 3B:18-3 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-3 - Provision in will for specific compensation

3B:18-3. Provision in will for specific compensation  Where provision is made in a will for specific compensation to a fiduciary, the compensation shall be deemed full payment for services in lieu of commissions provided by this chapter, unless the fiduciary shall in writing filed with the surrogate or clerk of the Superior Court renounce the specific compensation. L.1981, c. 405, s. 3B:18-3, eff. May 1, 1982.
NJ Rev Stat § 3B:18-4 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-4 - Disputes between fiduciaries as to apportionment

3B:18-4. Disputes between fiduciaries as to apportionment  When a difference arises between fiduciaries concerning the apportionment of commissions between them, the Superior Court shall determine the apportionment of commissions, having regard to their respective services. L.1981, c. 405, s. 3B:18-4, eff. May 1, 1982.
NJ Rev Stat § 3B:18-5 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-5 - Fiduciary removed from office; forfeiture of commissions

3B:18-5. Fiduciary removed from office; forfeiture of commissions  Where a fiduciary is removed for any cause, the Superior Court may direct that his commissions be forfeited. L.1981, c. 405, s. 3B:18-5, eff. May 1, 1982.
NJ Rev Stat § 3B:18-6 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-6 - Legal fees for attorney also serving as fiduciary

3B:18-6. Legal fees for attorney also serving as fiduciary  If the fiduciary is a duly licensed attorney of this State and shall have performed professional services in addition to his fiduciary duties, the court shall, in addition to the commissions provided by this chapter, allow him a just counsel fee. If more than one fiduciary shall have performed the professional services, the court shall apportion the fee among them according to the services rendered by them respectively. L.1981, c. 405, s. 3B:18-6, eff. May 1, 1982.
NJ Rev Stat § 3B:18-7 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-7 - Annual statement relating to corpus commissions taken

3B:18-7. Annual statement relating to corpus commissions taken  A trustee under a will or a guardian shall, within 60 days after the end of each tax year of the trust or guardianship furnish to each beneficiary currently receiving income, and to any other beneficiary interested in the income and to any person interested in the principal of the trust or guardianship who shall make a demand therefor, a statement showing any corpus commissions taken during the tax year and the basis upon which those commissions were computed, including the inventory value and value as of the date the commissions were computed. L.1981, c. 405, s. 3B:18-7, eff. May 1, 1982.
NJ Rev Stat § 3B:18-8 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-8 - Definitions

3B:18-8. Definitions  As used in this article: a. "Fiduciary" means executor, administrator with the will annexed, substituted administrator with the will annexed, administrator, substituted administrator, or trustee or substituted trustee under a will of a decedent; b. "Property" means any property, real or personal, tangible or intangible, or any interest or estate therein, which does not come into the hands of a fiduciary as part of a decedent's estate, and which, by operation of law or otherwise, has been received or is receivable by anyone other than the fiduciary, and which a taxing authority attempts to tax or does tax, as a decedent's taxable estate, or as part of a decedent's taxable estate, for the purposes of Federal estate tax, New Jersey estate tax, other state or foreign estate taxes, or New Jersey or other state or foreign transfer inheritance, legacy or succession taxes. L.1981, c. 405, s. 3B:18-8, eff. May 1, 1982.
NJ Rev Stat § 3B:18-9 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-9 - Additional compensation

3B:18-9. Additional compensation  The court upon the settlement and allowance of a fiduciary's accounts, in addition to the compensation as may otherwise be allowable, may allow reasonable compensation to the fiduciary for services required by law to be rendered by the fiduciary in connection with or arising out of any property as defined in N.J.S. 3B:18-8, including, but not by way of limitation, services rendered in connection with apportionment of any taxes specified in N.J.S. 3B:18-8 between a decedent's estate and the recipient of the property, or between the decedent's estate and the property, and in collecting or attempting to collect, the apportionment of the taxes applicable to the property. L.1981, c. 405, s. 3B:18-9, eff. May 1, 1982.
NJ Rev Stat § 3B:18-10 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-10 - Notice to recipient of property

3B:18-10. Notice to recipient of property  The court shall prescribe the notice to be given to the recipient of the property of the fiduciary's application for additional compensation. L.1981, c. 405, s. 3B:18-10, eff. May 1, 1982.
NJ Rev Stat § 3B:18-11 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-11 - Manner of payment of additional compensation

3B:18-11. Manner of payment of additional compensation  The additional compensation of the fiduciary shall be payable by the recipient of the property if the recipient is within the jurisdiction of the court, or if the recipient is not within the jurisdiction of the court, shall be payable out of the property, if the property is within the jurisdiction of the court. If the recipient of the property is not within the jurisdiction of the court and if the property is not within the jurisdiction of the court, or if the fiduciary does not succeed in collecting the additional fiduciary's compensation from the recipient of the property or out of the property, the court may order the fiduciary's additional compensation to be paid out of the corpus of the decedent's estate which comes into the hands of the fiduciary. L.1981, c. 405, s. 3B:18-11, eff. May 1, 1982.
NJ Rev Stat § 3B:18-12 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-12 - Definition of fiduciary

3B:18-12. Definition of fiduciary  As used in this article "fiduciary" means personal representative and fiduciaries appointed under chapter 26 of this title for absentees. L.1981, c. 405, s. 3B:18-12, eff. May 1, 1982.
NJ Rev Stat § 3B:18-13 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-13 - Income commissions

3B:18-13. Income commissions  Commissions in the amount of 6% may be taken without court allowance on all income received by the fiduciary. For the purposes of this section, income which is withheld from payment to a fiduciary or fiduciaries pursuant to any law of this State, or of the United States, or any other state, country or sovereignty, or of any political subdivision or governmental unit of any of the foregoing, requiring the withholding for income tax or other tax purposes, shall be deemed to be income received by the fiduciary, and shall be subject to income commissions as provided in this section in the same manner as if actually received by the fiduciary. L.1981, c. 405, s. 3B:18-13, eff. May 1, 1982.
NJ Rev Stat § 3B:18-14 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-14 - Corpus commissions.

3B:18-14 Corpus commissions.  3B:18-14. Corpus commissions. Commissions on all corpus received by the fiduciary may be taken as follows: 5% on the first $200,000 of all corpus received by the fiduciary; 3.5% on the excess over $200,000 up to $1,000,000; 2% on the excess over $1,000,000; and 1% of all corpus for each additional fiduciary provided that no one fiduciary shall be entitled to any greater commission than that which would be allowed if there were but one fiduciary involved. Such commissions may be reduced by the court having jurisdiction over the estate only upon application by a beneficiary adversely affected upon an affirmative showing that the services rendered were materially deficient or that the actual pains, trouble and risk of the fiduciary in settling the estate were substantially less than generally required for estates of comparable size. Amended 1983, c.394, s.1; 2000, c.29, s.1.
NJ Rev Stat § 3B:18-16 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-16 - Corpus commissions; unusual or extraordinary services

3B:18-16. Corpus commissions; unusual or extraordinary services  The court may, on an intermediate or the final settlement of the fiduciary's accounts, allow corpus commissions in addition to those hereinabove provided, on a showing that unusual or extraordinary services have been rendered by the fiduciary for which the fiduciary should receive extra compensation. L.1981, c. 405, s. 3B:18-16, eff. May 1, 1982.
NJ Rev Stat § 3B:18-17 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-17 - Taking annual amounts on account of corpus commissions

3B:18-17. Taking annual amounts on account of corpus commissions  Fiduciaries may annually, without court allowance, take sums as follows on account of corpus commissions: if there is but one fiduciary, the amount so taken may equal one-fifth of 1% of the value of the corpus and, if there are two or more fiduciaries, the amount so taken may equal the commissions which may be taken pursuant to this section when there is but one fiduciary, plus one-fifth of the commissions for each fiduciary more than one. L.1981, c. 405, s. 3B:18-17, eff. May 1, 1982.
NJ Rev Stat § 3B:18-18 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-18 - Value of assets for computing commissions taken annually

3B:18-18. Value of assets for computing commissions taken annually  In computing the amount of commissions which may be taken annually pursuant to N.J.S. 3B:18-17, the value of any item of corpus at the time when the item is received by the fiduciary, referred to in this section as the "presumptive value" of the item, may be used as the value of the item, or, at the option of the fiduciary, the value of the item at the end of the period for which the commissions are taken may be used. L.1981, c. 405, s. 3B:18-18, eff. May 1, 1982.
NJ Rev Stat § 3B:18-19 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-19 - Failure to take commissions annually shall not constitute a waiver thereof

3B:18-19. Failure to take commissions annually shall not constitute a waiver thereof  The failure of a fiduciary to take commissions in any year as provided in N.J.S. 3B:18-17 shall not constitute a waiver of the right of the fiduciary to take in a subsequent year the commissions not taken for that year. L.1981, c. 405, s. 3B:18-19, eff. May 1, 1982.
NJ Rev Stat § 3B:18-20 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-20 - Corpus commissions taken annually subject to review

3B:18-20. Corpus commissions taken annually subject to review  Commissions taken as provided in N.J.S. 3B:18-17 shall be subject to review on intermediate and final accountings, and to the extent that aggregate commissions so taken exceed the commissions allowable under N.J.S. 3B:18-14 and N.J.S. 3B:18-15, they may be disallowed. L.1981, c. 405, s. 3B:18-20, eff. May 1, 1982.
NJ Rev Stat § 3B:18-21 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-21 - Burden of proving value

3B:18-21. Burden of proving value  In the event of a dispute as to the value of corpus on the settlement of the account of a fiduciary, the burden of proving that the value of any item of corpus differs from the presumptive value of the item shall be upon the fiduciary or other party claiming the difference. L.1981, c. 405, s. 3B:18-21, eff. May 1, 1982.
NJ Rev Stat § 3B:18-22 (2021)
2021 New Jersey Revised Statutes|Title 3B - Administration of Estates--Decedents and Others|Section 3B:18-22 - When rates for corpus commissions taken annually effective

3B:18-22. When rates for corpus commissions taken annually effective  With respect to a fiduciary's annual corpus commissions, the rates set forth in this article shall apply for all yearly periods ending after February 29, 1980. L.1981, c. 405, s. 3B:18-22, eff. May 1, 1982.