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Current as of January 01, 2024 | Updated by Findlaw Staff
A devise or bequest may be made by a will to the trustee or trustees of a trust established by a testator, or by a testator and some other person or persons, or by some other person or persons, if the trust is identified in such testator's will, and its terms are set forth in a written instrument, other than a will, executed before or concurrently with the execution of such testator's will, or in the valid last will and testament of a person who has predeceased such testator. A devise or bequest so made shall be valid and enforceable to the same extent as if the trust had been created by the testator by such will, and as if the terms of the trust, as contained in the will or other instrument creating or evidencing it, had been set out in full in such will of the testator. The existence, size or character of the trust property shall not affect the validity of the devise or bequest, nor shall any such devise or bequest be invalid because the trust is a funded or unfunded life insurance trust, although the creator of the trust has reserved any or all rights of ownership of the insurance contracts.
Cite this article: FindLaw.com - New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 3-16.1 - last updated January 01, 2024 | https://codes.findlaw.com/nj/appendix-former-title-3a-administration-of-estates-decedents-and-others/nj-st-sect-3a-3-16-1/
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