Glossary of Estate Administration and Estate Planning Terms in the Administration of a New Jersey Estate

Administrator:

A person appointed by the court to manage and distribute the estate of a person who dies without a Will in New Jersey.

Caveat:

A formal notice given by someone to prevent the proving of a Will or the grant of administration of an estate.

Codicil:

An addition, supplement, or change to an original Will.

Estate:

All property and possessions owned by a person.

Executor/Executrix:

The person named in a Will to carry out the intentions expressed in the Will.

Guardian:

One entrusted by the laws of New Jersey with the care of a minor or mental incompetent of their property.

Intestate:

When someone dies without a Will in New Jersey.

Intestate Succession:

The New Jersey statutory priority of distribution of an Estate without a Will.

Personal Property:

Both intangible possessions, such as stocks, bonds, or bank accounts, and tangible property, like a car, furniture and personal effects.

New Jersey Probate:

Official proof of authenticity and/or validity of a Will issued by the County Surrogate of NJ.

Real Property:

Land or buildings.

Testator/Testatrix:

Person making a Will

Will:

A legal declaration of the way in which a person wishes his or her estate to be distributed after death.

Do you have questions about this Glossary of Estate Administration and Estate Planning Terms?  If so, call Fredrick P. Niemann, at 855-376-5291 or e-mail him at fniemann@hnlawfirm.com. He welcomes your calls and inquiries and you’ll find him very approachable and easy to talk to.

Probate and Estate lawyers serving these New Jersey Counties:

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County, Middlesex County, Bergen County, Morris County, Burlington County,

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