§560:2-402 Homestead allowance. A decedent's surviving spouse or reciprocal beneficiary is entitled to a homestead allowance of $15,000. If there is no surviving spouse or reciprocal beneficiary, each minor child and each dependent child of the decedent is entitled to a homestead allowance amounting to $15,000 divided by the number of minor and dependent children of the decedent. The homestead allowance is exempt from and has priority over all claims against the estate. Homestead allowance is in addition to any share passing to the surviving spouse or reciprocal beneficiary or minor or dependent child by the will of the decedent, unless otherwise provided, by intestate succession, or by way of elective share. [L 1996, c 288, pt of §1; am L 1997, c 383, §19]
Rules of Court
Distribution, see HPR rule 90(a).
Section: Previous 560-2-211 560-2-212 560-2-213 560-2-214 560-2-301 560-2-302 560-2-401 560-2-402 560-2-403 560-2-404 560-2-405 560-2-501 560-2-502 560-2-503 560-2-504 NextLast modified: October 27, 2016