New Jersey Statutes 3B:13A-20. Other factors to be considered by conservator in making expenditures
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Terms Used In New Jersey Statutes 3B:13A-20
- 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
In making expenditures under N.J.S. 3B:13A-19, the conservator shall expend or distribute sums reasonably necessary for the support, education, care or benefit of the conservatee with due regard to:
a. The size of the conservatee’s estate;
b. The probable duration of the conservatorship and the likelihood that the conservatee, at some future time, may be fully able to manage his affairs and the estate which has been conserved for him; and
c. The accustomed standard of living of the conservatee and members of his household.
L.1983, c. 192, s. 1, eff. May 23, 1983.