New Jersey Statutes 3B:13-15. Investments
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Terms Used In New Jersey Statutes 3B:13-15
- Estate: means all of the property of a decedent, minor or incapacitated individual, trust or other person whose affairs are subject to this title as the property is originally constituted and as it exists from time to time during administration. See New Jersey Statutes 3B:1-1
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Guardian: means a person acting as fiduciary for a ward. See New Jersey Statutes 3B:13-2
A guardian shall invest the funds of the estate in a manner and in securities, in which the guardian has no interest, as allowed by law or approved by the court.
L.1981, c. 405, s. 3B:13-15, eff. May 1, 1982.