NJ A4000

Establishes the Office of Professional Corporate Guardians within the Department of Human Services to oversee licensing requirements and standards of practice for corporate entities that serve as guardians for disabled or incapacitated adults aged 18-64

Requires professional corporate guardian entities to register with the office, maintain at least 5 substitute guardian employees, carry professional liability insurance, post a fiduciary bond, and pass criminal background checks and child abuse registry checks for all owners

Creates two categories of private guardianship arrangements: "family choice guardians" designated by heirs of a disabled or incapacitated person, and "personal choice guardians" designated by individuals on a preneed basis before becoming incapacitated

Prohibits registered professional corporate guardians from self-dealing, including loaning ward funds to themselves, purchasing property from ward estates for their own benefit, or receiving inter vivos transfers from wards made within two years before guardianship establishment

Authorizes the office to suspend or revoke registrations for violations including failure to file required reports, inappropriate billing, endangering incapacitated persons, or engaging in fraud, and requires maintenance of a searchable public database of all registered professional corporate guardians