{"id":5671,"date":"2025-01-17T10:21:23","date_gmt":"2025-01-17T15:21:23","guid":{"rendered":"https:\/\/www.lindabury.com\/firm\/?p=5671"},"modified":"2025-01-27T10:17:33","modified_gmt":"2025-01-27T15:17:33","slug":"charitable-residuary-beneficiaries-under-a-will","status":"publish","type":"post","link":"https:\/\/www.lindabury.com\/firm\/insights\/charitable-residuary-beneficiaries-under-a-will.html","title":{"rendered":"Charitable Residuary Beneficiaries Under a Will"},"content":{"rendered":"<p>For many, designating a portion of one\u2019s estate to charities and charitable purposes is an essential and significant part of their Last Will and Testament. Those seeking to make contributions to causes and organizations they are passionate about should be wary of the costs entailed in how such contributions are distributed. Under New Jersey law, when such contributions are designated in the form of a residuary bequest, the State Attorney General is required to exercise its power to protect the public\u2019s interest in charitable gifts and seek costly accounting and lengthy review services, which ultimately drain the estate of funds it could have extended to the aforementioned charitable causes and organizations.<\/p>\n<p>Under N.J. Ct. R. 4:80-6 and R. 4:28-4, the New Jersey State Attorney General is required to review and approve the accounting and administration of an estate when the estate leaves a residuary, or percentage, amount to a charitable organization. The Office of the Attorney General will require the filing of: <strong>(1) intermediate and\/or final Accounting; (2) statement and calculations of any commissions paid to trustees or executors; (3) final distribution and disbursement schedule of bequests; (4) affidavit of any attorney\u2019s and accountant\u2019s rendered services; and (5) Refunding Bond and Releases executed by the charitable beneficiaries.<\/strong><\/p>\n<p>After receiving such documentation, the Attorney General\u2019s office must approve the amount the charitable beneficiaries are being given, and such approvals could face backlogs and other administrative delays. Further, a thorough examination into the charitable organization could jeopardize its ability to receive its bequest and could even result in a court redirecting the bequest to a different charity under the <em>cy pres<\/em> doctrine, as a recent decision in the Appellate Division revealed. <a href=\"https:\/\/casetext.com\/case\/in-re-heinecke\"><u>See<\/u><em> <strong>Matter of Estate of Heinecke<\/strong><\/em><strong>, No. A-3604-21, 2024 WL 1125186 (N.J. Super. Ct. App. Div. March 15, 2024)<\/strong>.<\/a><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.lindabury.com\/firm\/insights\/charitable-residuary-beneficiaries-under-a-will.html\"  title=\"Continue Reading Charitable Residuary Beneficiaries Under a Will\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>For many, designating a portion of one\u2019s estate to charities and charitable purposes is an essential and significant part of their Last Will and Testament. Those seeking to make contributions to causes and organizations they are passionate about should be wary of the costs entailed in how such contributions are distributed. Under New Jersey law, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[463,467,65,81,404,343],"tags":[],"coauthors":[185,465],"class_list":["post-5671","post","type-post","status-publish","format-standard","hentry","category-gozde-celik","category-celik","category-insights","category-estabrook","category-nonprofit-charitable-organizations-insights","category-wills-trusts-estates-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Charitable Residuary Beneficiaries Under a Will &#8212; January 17, 2025 &#8212; Lindabury, McCormick, Estabrook &amp; Cooper, P.C. Firm News &amp; Events<\/title>\n<meta name=\"description\" content=\"For many, designating a portion of one\u2019s estate to charities and charitable purposes is an essential and significant part of their Last Will and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lindabury.com\/firm\/insights\/charitable-residuary-beneficiaries-under-a-will.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charitable Residuary Beneficiaries Under a Will &#8212; January 17, 2025 &#8212; Lindabury, McCormick, Estabrook &amp; Cooper, P.C. 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