New Jersey Statutes 17:16I-15. Trusts created in fraud of creditors or laws governing transfer inheritance or estate taxes
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Terms Used In New Jersey Statutes 17:16I-15
- Fiduciary: A trustee, executor, or administrator.
- Fraud: Intentional deception resulting in injury to another.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
Nothing in this act shall validate any trust created in fraud of creditors of the fiduciary nor affect any law of this State governing transfer inheritance or estate taxes, nor shall anything herein relieve any financial institution of its duty to conform with the provisions of the law imposing transfer inheritance taxes with respect to decedents’ estates.
L.1979, c. 491, s. 15.