N.J.S.A. 3B:23-12 — Abatement generally.

3B:23-12 Abatement generally. 3B:23-12. Except as provided in N.J.S.3B:23-14 and except as provided in connection with the share of a surviving spouse who elects to take an elective share, shares of distributees abate, without any preference or priority as between real and personal property, in the following order: a. Property passing by intestacy; b. Residuary devises; c. General devises; d. Specific devises; and e. Abatement within each classification is in proportion to the amount of property each of the beneficiaries would have received if full distribution of the property had been made in accordance with the terms of the will. Amended 2004, c.132, s.86.

This is the verbatim text of N.J.S.A. 3B:23-12, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.