You don’t have to worry: the State of New Jersey won’t automatically get all of your estate’s property if you die without a will. The intestacy laws in New Jersey are effectively designed to get your property to someone closely related to you. If you leave behind a spouse, children, siblings, parents, grandparents, aunts, uncles, great aunts, great uncles, nieces, nephews, cousins, or even descendants of a spouse who dies before you, New Jersey will not get your estate’s property.
However, if you do not leave any of those types of relatives behind, your estate’s property will escheat to the State of New Jersey.
Estate administrators will have to obtain an estate surety bond in order to protect the interests of the estate and its beneficiaries in accordance with New Jersey state law.
Where can you instantly purchase an estate surety bond?
Colonial Surety offers the direct and digital way to obtain estate bonds, also known as executor bonds, administrator bonds, personal representative bonds, and probate bonds. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print or e-file your bond from your office. It’s that simple!