{"data":{"id":"us-nj/n.j.-stat.-3b-9-1","jurisdiction":"us-nj","citation":"N.J. Stat. § 3B:9-1","heading":"Definitions.","body":"As used in this chapter:\na.\tA \"present interest\" is one to take effect in immediate possession, use or enjoyment without the intervention of a preceding estate or interest or without being dependent upon the happening of any event or thing;\nb.\tA \"future interest\" is one to take effect in possession, use or enjoyment dependent upon the termination of an intervening estate or interest or the happening of any event or thing;\nc.\tA \"devisee\" means any person designated in a will to receive a devise, but does not mean a trustee or trust designated in a will to receive a devise;\nd.\tThe \"effective date\" is the date on which a property right vests, or a contract right arises, even though the right is subject to divestment;\ne.\t\"Joint property\" is property that is owned by two or more persons with rights of survivorship and includes a tenancy by the entirety, a joint tenancy, a joint tenancy with rights of survivorship and a joint life estate with contingent remainder in fee.  For purposes of this chapter, joint property is deemed to consist of a present interest and a future interest.  The future interest is the right of survivorship;\nf.\t\"Joint tenant\" is the co-owner of joint property.\nAmended 2004, c.132, s.63.","path":["TITLE 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"41fa927108221c12c5e36a5d2e00cf30be98284def6ec8f29305e78856697131","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-3b-8-19","next":"us-nj/n.j.-stat.-3b-9-2"},"notice":"GroundRules: Original legal text. Not legal advice."}