New Jersey § 3b:19b-21
Full text of New Jersey New Jersey Statutes § 3b:19b-21, with citation guidance and answers to common questions.
§ 3b:19b-21.
a. If a marital deduction is allowed for all or part of a trust whose assets consist
substantially of property that does not provide the spouse with sufficient income
from or use of the trust assets, and if the amounts that the trustee transfers from
principal to income under section 4 of this act and distributes to the spouse from
principal pursuant to the terms of the trust are insufficient to provide the spouse
with the beneficial enjoyment required to obtain the marital deduction, the spouse
may require the trustee to make property productive of income, convert property within
a reasonable time or exercise the power conferred by subsection a. of section 4 of
this act. The trustee may decide which action or combination of actions to take. b. In cases not governed by subsection a. of this section, proceeds from the sale
or other disposition of an asset are principal without regard to the amount of income
the asset produces during any accounting period.
Frequently Asked Questions About New Jersey § 3b:19b-21
What does New Jersey Statutes § 3b:19b-21 cover?
Section 3b:19b-21 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 3b:19b-21?
A common citation format is "New Jersey Statutes § 3b:19b-21" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 3b:19b-21 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.