Martinsburg, WV asked in Estate Planning for New Jersey

Q: Should I sign for partial release of estate?

What I've received to sign and have notorized reads to me like it's full distribution and I'm releasing all other claims against estate. I can't even find out the value of the estate. Is there an accounting form I can submit to court? I don't have probate case number or any information. I live out of state

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2 Lawyer Answers
H. Scott Aalsberg
H. Scott Aalsberg
Answered
  • East Brunswick, NJ
  • Licensed in New Jersey

A: I would suggest that you hire a lawyer and not sign anything until that lawyer reviews all documents.

Mr. Kenneth Albert Vercammen
Mr. Kenneth Albert Vercammen
Answered
  • Estate Planning Lawyer
  • Edison, NJ
  • Licensed in New Jersey

A: Release & Refunding Bond in Probate matters

Under New Jersey law it is the duty of the fiduciary [Executor or Administrator] to make arrangements to pay bills and other estate expenses and carry out instructions under the Will. NJSA 3B:23-24 provides the fiduciary shall take a Release and Refunding Bond from each beneficiary.

The attorney for the estate prepares the Release and Refunding Bond. The approximate amount that beneficiary will release is typed on the release form

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