New Jersey Statutes 3B:15-7. Bond required of guardian of minor or person who is incapacitated
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Terms Used In New Jersey Statutes 3B:15-7
- 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 who has qualified as a guardian of the person or estate of a minor or incapacitated individual pursuant to testamentary or court appointment, but excludes one who is merely a guardian ad litem. See New Jersey Statutes 3B:1-1
- 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
3B:15-7. The bond required of a guardian of a minor or a person who is incapacitated shall be conditioned substantially as follows:
a. To administer the ward’s estate to the best of the guardian‘s ability, and to take proper care of the ward if the guardian is the guardian of the ward’s person;
b. To make a just and true account of the administration of the guardianship, and, if required by the court, to settle the accounts therein within the time so required.
amended 2013, c.103, s.47.