The new New Jersey Uniform Trust Code and Special Needs Trusts
The new uniform trust code which goes into effect in New Jersey on July 17th has a section dedicated to “special needs trusts.” See NJSA 3B:31-37. The section concerns both first-party trusts (often called “Special Needs Trusts” or even “d(4)a trusts,” referring to the section of federal Medicaid law which authorizes them) and third party trusts (often...