The New Jersey Senate has passed legislation sponsored by Senator Anthony Bucco (R-Morris) to help people cope with the legal and financial challenges of serving as the executor of an estate.
Sen. Anthony Bucco’s bill will streamline court proceedings for those that discover they cannot fulfill the duties of executing someone’s estate. (©iStock)
“People often choose a trusted friend or a family member to execute their will,” Senator Bucco explained. “This can be very overwhelming for someone who is grieving, or has no legal expertise. Unfortunately, an executor can’t pass on this responsibility to someone else without spending a lot of money and time in court.
We should not be punishing people for trying to do what is right for those entitled to an inheritance. My bill will streamline these court proceedings and reduce the burden on executors and surviving loved ones alike.”
Senator Bucco’s bill, S-1795, changes an existing law that has proven to be exceptionally burdensome for those who wish to transfer the responsibility of administering a deceased person’s estate.
Currently, the process of discharging an executor of a will requires a formal court approval, which can be very expensive and time consuming for those involved.
Bucco noted that this has been particularly troubling for elderly individuals who have been named as an executor but have difficulty fulfilling their obligations.
S-1795 streamlines this process, so that the executor would only have to file a simple application after getting consent from parties with an interest in the estate.
Related Facebook Post: