N.J. Stat. § 3B:31-38

Current through L. 2023, c. 200.
Section 3B:31-38 - Discretionary trusts; effect of standard
a. Whether or not a trust contains a spendthrift provision, a creditor of a beneficiary may not compel a distribution that is subject to the trustee's discretion, even if:
(1) The discretion is expressed in the form of a standard of distribution; or
(2) The trustee has abused the discretion.
b. This section does not limit the right of a beneficiary to maintain a judicial proceeding against a trustee for an abuse of discretion or failure to comply with a standard for distribution.
c. With respect to the powers set forth in section 1 of P.L. 1996, c. 41(C.3B:11-4.1), the provisions of this section shall apply even though the beneficiary is the sole trustee or a co-trustee of the trust.

N.J.S. § 3B:31-38

Added by L. 2015, c. 276,s. 1, eff. 7/17/2016.