New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 6-16.1

(a) The term “estate” means the estate of a decedent or the estate of a minor or mentally incompetent person;

(b) The term “trust” means any express trust of real or personal property, or both, created by a will, deed or other instrument whereby there is imposed upon a trustee the duty to administer a trust asset, transferred to the trust by a testator or settlor, for benefit of a named or otherwise described income or principal beneficiary, or both. A trust shall not include trusts for the benefit of creditors, resulting or constructive trusts, business trusts where certificates of beneficial interest are issued to the beneficiary, investment trusts, voting trusts, security investments such as deeds of trust and mortgages, trusts created by the judgment or decree of a court, liquidation or reorganization trusts, for the sole purpose of paying dividends, interests, interest coupons, salaries, wages, pensions or profits, instruments wherein one or more persons are mere nominees for another or others, or trusts created in deposits in any banking institution or savings and loan institution;

(c) The term “fiduciary” means guardians, executors, administrators, administrators with the will annexed, administrators pendente lite, trustees of express trusts, including a corporate as well as a natural person acting as a fiduciary, and an ancillary, successor or substituted fiduciary.