1.Ifatransaction, includingadeclarationwithrespecttooratransferofspecificproperty,
§633F.18, IOWA UNIFORM CUSTODIAL TRUST ACT 10
otherwise satisfies applicable law, the criteria of section 633F.2 are satisfied by any of the
following:
a.The execution and either delivery to the custodial trustee or recording of an instrument
in substantially the following form:
TRANSFER UNDER THE IOWA UNIFORM CUSTODIAL
TRUST ACT
I, __________ (name of transferor or name and representative
capacity if a fiduciary), transfer to __________ (name of trustee
other than transferor), as custodial trustee for __________ (name of
beneficiary) as beneficiary and __________ (name of distributee) as
distributee on termination of the trust in absence of direction by
the beneficiary under the Iowa Uniform Custodial Tru
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1. Ifatransaction, includingadeclarationwithrespecttooratransferofspecificproperty,
§633F.18, IOWA UNIFORM CUSTODIAL TRUST ACT 10
otherwise satisfies applicable law, the criteria of section 633F.2 are satisfied by any of the
following:
a. The execution and either delivery to the custodial trustee or recording of an instrument
in substantially the following form:
TRANSFER UNDER THE IOWA UNIFORM CUSTODIAL
TRUST ACT
I, __________ (name of transferor or name and representative
capacity if a fiduciary), transfer to __________ (name of trustee
other than transferor), as custodial trustee for __________ (name of
beneficiary) as beneficiary and __________ (name of distributee) as
distributee on termination of the trust in absence of direction by
the beneficiary under the Iowa Uniform Custodial Trust Act, the
following:
__________ (Insert a description of the custodial trust property
legally sufficient to identify and transfer each item of property).
If __________ (name of trustee other than transferor) declines to
serve or ceases to serve as custodial trustee for any reason, then
I designate __________ (name of substitute or successor custodial
trustee) as substitute or successor custodial trustee.
Dated: _______________
Signature: _____________________
b. The execution and the recording or giving notice of its execution to the beneficiary of
an instrument in substantially the following form:
DECLARATION OF TRUST UNDER IOWA UNIFORM
CUSTODIAL TRUST ACT
I, __________ (name of owner of property), declare that
henceforth I hold as custodial trustee for __________ (name of
beneficiaryotherthantransferor)asbeneficiaryand________(name
of distributee) as distributee on termination of the trust in absence
of direction by the beneficiary under the Iowa Uniform Custodial
Trust Act, the following: __________ (Insert a description of the
custodial trust property legally sufficient to identify and transfer
each item of property). If I cease to serve as custodial trustee for
any reason, then I designate __________ (name of substitute or
successor custodial trustee) as successor custodial trustee.
Dated: ____________________
Signature: ___________________________
2. Customary methods of transferring or evidencing ownership of property may be used
to create a custodial trust, including any of the following:
a. Registration of a security in the name of a trust company, an adult other than the
transferor, or the transferor if the beneficiary is other than the transferor, designated in
substance:
“as custodial trustee for ________________ (name of beneficiary)
under the Iowa Uniform Custodial Trust Act”.
b. Delivery of a certificated security, or a document necessary for the transfer of an
uncertificated security, together with any necessary endorsement, to an adult other than
the transferor or to a trust company as custodial trustee, accompanied by an instrument in
substantially the form prescribed in subsection 1, paragraph “a”.
c. Payment of money or transfer of a security held in the name of a broker or a financial
institution or its nominee to a broker or financial institution for credit to an account in the
nameofatrustcompany, anadultotherthanthetransferor, orthetransferorifthebeneficiary
is other than the transferor, designated in substance:
11 IOWA UNIFORM CUSTODIAL TRUST ACT, §633F.19
“as custodial trustee for ________________ (name of beneficiary)
under the Iowa Uniform Custodial Trust Act”.
d. Registration of ownership of a life or endowment insurance policy or annuity contract
with the issuer in the name of a trust company, an adult other than the transferor, or the
transferor if the beneficiary is other than the transferor, designated in substance:
“as custodial trustee for ________________ (name of beneficiary)
under the Iowa Uniform Custodial Trust Act”.
e. Delivery of a written assignment to an adult other than the transferor or to a trust
company whose name in the assignment is designated in substance by the words:
“as custodial trustee for ________________ (name of beneficiary)
under the Iowa Uniform Custodial Trust Act”.
f. Irrevocable exercise of a power of appointment, pursuant to its terms, in favor of a trust
company, an adult other than the donee of the power, or the donee who holds the power
if the beneficiary is other than the donee, whose name in the appointment is designated in
substance:
“as custodial trustee for ________________ (name of beneficiary)
under the Iowa Uniform Custodial Trust Act”.
g. Delivery of a written notification or assignment of a right to future payment under a
contract to an obligor which transfers the right under the contract to a trust company, an
adult other than the transferor, or the transferor if the beneficiary is other than the transferor,
whose name in the notification or assignment is designated in substance:
“as custodial trustee for ________________ (name of beneficiary)
under the Iowa Uniform Custodial Trust Act”.
h. Execution, delivery, and recordation of a conveyance of an interest in real property
in the name of a trust company, an adult other than the transferor, or the transferor if the
beneficiary is other than the transferor, designated in substance:
“as custodial trustee for ________________ (name of beneficiary)
under the Iowa Uniform Custodial Trust Act”.
i. Issuance of a certificate of title by an agency of a state or of the United States which
evidences title to tangible personal property:
(1) Issued in the name of a trust company, an adult other than the transferor, or the
transferor if the beneficiary is other than the transferor, designated in substance:
“as custodial trustee for ________________ (name of beneficiary)
under the Iowa Uniform Custodial Trust Act”.
(2) Delivered to a trust company or an adult other than the transferor or endorsed by the
transferor to that person, designated in substance:
“as custodial trustee for ________________ (name of beneficiary)
under the Iowa Uniform Custodial Trust Act”.
j. Execution and delivery of an instrument of gift to a trust company or an adult other than
the transferor, designated in substance:
“as custodial trustee for ________________ (name of beneficiary)
under the Iowa Uniform Custodial Trust Act”.