{"data":{"id":"us-nj/n.j.-stat.-3b-31-40","jurisdiction":"us-nj","citation":"N.J. Stat. § 3B:31-40","heading":"Overdue distribution.","body":"Overdue Distribution.\na.\tFor the purposes of this section, \"mandatory distribution\" means a distribution of income or principal that the trustee is required to make to a beneficiary under the terms of the trust, including a distribution upon termination of the trust.  The term excludes a distribution subject to the exercise of the trustee's discretion, regardless of whether the terms of the trust (1) include a support or other standard to guide the trustee in making distribution decisions, or\n(2) provide that the trustee \"may\" or \"shall\" make discretionary distributions, including distributions pursuant to a support or other standard.\nb.\tExcept as otherwise provided in section 1 of P.L.1996, c.41 (C.3B:11-4.1), whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary may reach a mandatory distribution of income or principal, including a distribution upon termination of the trust, if the trustee has not made the distribution to the beneficiary within a reasonable time after the mandated distribution date.\nL.2015, c.276, s.1.","path":["TITLE 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"88256c3f76a7a29c4908aabe1f46130eb1876dc21737da62b8805558f1138a76","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-3b-31-39","next":"us-nj/n.j.-stat.-3b-31-41"},"notice":"GroundRules: Original legal text. Not legal advice."}