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Code · New Jersey · Title 3B — Administration of Estates--Decedents and Others · Chapter 31

3B:31-64 Recordkeeping and identification of trust property.

111 words·~1 min read·/nj/title-3b/chapter-31/3b-31-64

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Recordkeeping and Identification of Trust Property.
a. A trustee shall keep adequate records of the administration of the trust.
b. A trustee shall keep trust property separate from the trustee's own property.
c. Except as otherwise provided in subsection d. of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
d. If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of the trust with other fiduciary accounts maintained by the trustee.
L.2015, c.276, s.1.
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