New Jersey § 3b:19b-3
Full text of New Jersey New Jersey Statutes § 3b:19b-3, with citation guidance and answers to common questions.
§ 3b:19b-3.
a. In allocating receipts and disbursements to or between principal and income, and
with respect to any matter within the scope of sections 5 through 9 of this act, a
fiduciary: (1) shall administer a trust or estate in accordance with the terms of the trust or
the will, even if there is a different provision in this act; (2) may administer a trust or estate by the exercise of a discretionary power of administration
given to the fiduciary by the terms of the trust or the will, even if the exercise
of the power produces a result different from a result required or permitted by this
act; (3) shall administer a trust or estate in accordance with this act if the terms of
the trust or the will do not contain a different provision or do not give the fiduciary
a discretionary power of administration; and (4) shall add a receipt or charge a disbursement to principal to the extent that the
terms of the trust and this act do not provide a rule for allocating the receipt or
disbursement to or between principal and income. b. A fiduciary shall administer a trust or estate impartially, based on what is fair
and reasonable to all of the beneficiaries, except to the extent that the terms of
the trust or the will clearly manifest an intention that the fiduciary shall or may
favor one or more of the beneficiaries.
Frequently Asked Questions About New Jersey § 3b:19b-3
What does New Jersey Statutes § 3b:19b-3 cover?
Section 3b:19b-3 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-3?
A common citation format is "New Jersey Statutes § 3b:19b-3" (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-3 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.