New Jersey § 3a:2a-48

§ 3a:2a-48.

a. All assets of estates being administered in this State are subject to all claims

and charges existing or established against the personal representative wherever appointed. b. If the estate either in this State or as a whole is insufficient to cover all claims

and prior charges, each claimant whose claim has been allowed either in this State

or elsewhere in administrations of which the personal representative is aware, is

entitled to receive payment of an equal proportion of his claim. If a preference or security in regard to a claim is allowed in another jurisdiction

but not in this State, the creditor so benefited is to receive dividends from local

assets only upon the balance of his claim after deducting the amount of the benefit. c. In case the claims and prior charges of the entire estate exceed the total value

of the portions of the estate being administered separately and this State is not

the state of the decedent's last domicile, the claims allowed in this State shall

be paid their proportion if local assets are adequate for the purpose, and the balance

of local assets shall be transferred to the domiciliary personal representative. If local assets are not sufficient to pay all claims allowed in this State the amount

to which they are entitled, local assets shall be marshaled so that each claim allowed

in this State is paid its proportion as far as possible, after taking into account

all dividends on claims allowed in this State from assets in other jurisdictions.