New Jersey § 3b:12-8

§ 3b:12-8.

The persons, other than the minor or any financial institution under subsection e.

of N.J.S. 3B:12-6 , receiving money or property for a minor, are obligated to apply so much or all of

the money or the income or proceeds of the property for the support, maintenance,

education, general use and benefit of the minor in the manner, at the time or times

and to the extent that those persons, in an exercise of reasonable discretion, deem

suitable and proper, with or without court order, with due regard to the duty and

ability of themselves or of any other person to support the minor, and with or without

regard to any other funds, income or property which may be available for that purpose. But those persons may not pay themselves except by way of reimbursement for out-of-pocket

expenses for goods and services necessary for the minor's support.