New Jersey § 3b:31-19
Full text of New Jersey New Jersey Statutes § 3b:31-19, with citation guidance and answers to common questions.
§ 3b:31-19.
Requirements for Creation. a. A trust is created only if: (1) the settlor has capacity to create a trust; (2) the settlor indicates an intention to create the trust; (3) the trust has a definite beneficiary or is: (a) a charitable trust; (b) a trust for the care of an animal, as provided in N.J.S.3B:31-24 ; or (c) a trust for a noncharitable purpose, as provided in N.J.S.3B:31-25 ; (4) the trustee has duties to perform; and (5) the same person is not the sole trustee and sole beneficiary of all beneficial
interests. b. A beneficiary is definite if the beneficiary can be ascertained now or in the future,
subject to the provisions of section 14 of P.L.1999, c. 159 ( C.46:2F-10 ) or any other applicable rule against perpetuities. c. A power in a trustee to select a beneficiary from an indefinite class is valid
if exercised within a reasonable time and is not void as provided in section 14 of P.L.1999, c. 159 ( C.46:2F-10 ) or any other applicable rule against perpetuities or restraint on alienation. If invalid, the power fails and the property subject to the power passes to the
persons who would have taken the property had the power not been conferred. d. A written instrument which creates a trust or transfers property to a trust shall
not be invalid or ineffective because the transferee is identified as the trust rather
than the trustee thereof.
Frequently Asked Questions About New Jersey § 3b:31-19
What does New Jersey Statutes § 3b:31-19 cover?
Section 3b:31-19 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:31-19?
A common citation format is "New Jersey Statutes § 3b:31-19" (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:31-19 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.