Ask a will, trust or estate question, get an answer ASAP!
Thousands of highly rated, verified estate & trust lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In New Jersey Statutes 3B:13-2

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Federal agency: means any bureau, office, board, or officer of the United States by whatever name known, now or hereafter charged by Congress:

    (1) With payment of pensions, bounties, and allowances to veterans of the military service of the United States, their widows, widowers, children, mothers, and fathers. See New Jersey Statutes 3B:13-2
  • person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
  • Ward: means a beneficiary of a Federal agency. See New Jersey Statutes 3B:13-2
3B:13-2. As used in this chapter:

a. “Federal agency” means any bureau, office, board, or officer of the United States by whatever name known, now or hereafter charged by Congress:

(1) With payment of pensions, bounties, and allowances to veterans of the military service of the United States, their widows, widowers, children, mothers, and fathers; or

(2) With the administration of the affairs of any of the aforesaid persons who may be minors or persons who are incapacitated or with the management of pensions, bounties, and allowances payable to them.

b. “Military” has reference to the army, navy, marine, air, and coast guard services.

c. “Estate” and “income” include only moneys received by the guardian from a Federal agency and earnings, interest, and profits derived therefrom.

d. “Benefits” means moneys payable by the United States to the aforesaid persons or their guardians through a Federal agency.

e. “Chief officer” means an officer of a Federal agency, charged by the laws of the United States with the particular duty in connection with which the term is used.

f. “Ward” means a beneficiary of a Federal agency.

g. “Guardian” means a person acting as fiduciary for a ward.

amended 2013, c.103, s.25.