Key facts: Partition actions are governed by NJ Statutory Probate Rules Code under the Partition of Property Act; the eligibility threshold requires estate value of at least $50,000; a mandatory 30-day waiting period must be observed before initiating formal proceedings; courts may order partition in kind (physical division) or partition by sale (judicial sale with proportional distribution); co-owners may seek contribution for disproportionate expenses; partition in kind is generally preferred when economically feasible; and tax implications should be considered before initiating proceedings.