Bill
Bill > A757
NJ A757
NJ A757Permits portion of child support payments to be held in trust for child to access upon certain circumstances.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill permits a portion of a child support payment to be placed in irrevocable trust. Under the bill, and upon agreement of the parties to an action before the court which results in the establishment of a child support payment, the court may direct up to 10 percent of every child support payment to be placed in an irrevocable trust. The trust assets would be distributable to a beneficiary upon the beneficiary turning 18 years of age, or the age at which the trust establishes. If the parties agree to the trust, every child who is the basis for a child support payment is required to be established as a beneficiary of the trust. Finally, the bill provides the court the ability to: (1) amend the terms of the trust as it relates to the portion of child support payment to be placed in the trust from time to time as circumstances may require based on the factors considered in N.J.S.A.2A:34-23; and (2) appoint a special fiduciary to take possession of the trust property and administer the trust if the court finds that the trustee is not acting in good faith or in accordance with the purposes of the trust.
AI Summary
This bill allows for a portion of child support payments, up to 10 percent, to be placed into an irrevocable trust if the parents involved in a divorce or dissolution case agree to it. The court can order this trust, and every child who is the basis for the child support payment must be named as a beneficiary, meaning they are entitled to receive funds from the trust. The trust assets can be distributed to the child when they reach a certain age, typically 18, or another age specified in the trust. The court retains the authority to adjust the terms of the trust over time based on factors related to child support, and can also appoint a special fiduciary to manage the trust if the appointed trustee is not acting properly or in the best interest of the child.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced, Referred to Assembly Children, Families and Food Security Committee (on 01/13/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A757 |
| BillText | https://pub.njleg.gov/Bills/2026/A1000/757_I1.HTM |
Loading...