Legal Question in Wills and Trusts in New Jersey
Non-probatable shares in coop.
Father died , 4th wife surviving,
2 sons only, are named in a joint will with deceased 1st wife.
4th Wife not named in will-she came after the will.
Question: Dad is sole owner of shares of stock in a coop--which is not required to probate. IF we execute on the will..change ownership of shares ...Can the wife later make a claim and force us to probate and claim we did something wrong?
Are we required to notify the wife that we are executing the will?
1 Answer from Attorneys
Re: Non-probatable shares in coop.
If there is no pre-nuptial agreement, and the surviving spouse is not provided for under the old Will which was signed before their marraige, the surviving spouse may have a claim for an elective share against the Will, or as an 'omitted spouse.'
Either way, she will probably have an interest in your father's estate.