New Jersey A757 allows up to 10% of child support payments to be placed in an irrevocable trust for the child.

New Jersey A757 permits a portion of child support payments to be held in an irrevocable trust for the child. The court may direct up to 10% of every child support payment to be placed in this trust. The trust assets would be distributable to the child upon reaching the age established by the trust terms, or 18 if no age is specified. The court can amend the trust terms based on changing circumstances and appoint a special fiduciary if the trustee is not acting in good faith. The beneficiary of the trust is the child for whom the support payment is made.

New Jersey A757 allows up to 10% of child support payments to be placed in an irrevocable trust for the child.

New Jersey A757 permits a portion of child support payments to be held in an irrevocable trust for the child. The court may direct up to 10% of every child support payment to be placed in this trust. The trust assets would be distributable to the child upon reaching the age established by the trust terms, or 18 if no age is specified. The court can amend the trust terms based on changing circumstances and appoint a special fiduciary if the trustee is not acting in good faith. The beneficiary of the trust is the child for whom the support payment is made.