AffIdavit Of Assets And Debts

AFFIDAVIT OF ASSETS & DEBTS R. 4:80-1(b). This form is used in the Surrogate’s Court of Salem County, New Jersey, in all estate applications where a bond is necessary. It must be completed by the person applying to be appointed as the administrator of a decedent’s estate. The form requires the applicant to provide a detailed list of the decedent’s known assets—both real and personal—as well as the estimated value of those assets as of the date of death, without any deductions for debts. It also includes a section to list and describe the decedent’s known debts, such as loans, medical bills, or credit card balances. By signing this affidavit, the applicant affirms that the information provided is accurate to the best of their knowledge, acknowledges the legal requirement to apply estate assets first toward valid claims before distributing any property, and agrees to post a bond matching the estate’s total value unless otherwise directed by the Surrogate. The form emphasizes the importance of legal compliance, the risk of perjury for false statements, and the advisability of consulting an attorney when unsure of procedures. www.FormsWorkflow.com