Idaho § 68-1303 CUSTODIAL TRUSTEE FOR FUTURE PAYMENT OR TRANSFER

Idaho Statutes

§ 68-1303 — CUSTODIAL TRUSTEE FOR FUTURE PAYMENT OR TRANSFER

Idaho·Title 68 TRUSTS AND FIDUCIARIES·Ch. 13 IDAHO UNIFORM CUSTODIAL TRUST ACT

(1)A person having the right to designate the recipient of property payable or transferable upon a future event may create a custodial trust upon the occurrence of the future event by designating in writing the recipient, followed in substance by: "as custodial trustee for (name of beneficiary) under the Idaho uniform custodial trust act."

(2)Persons may be designated as substitute or successor custodial trustees to whom the property must be paid or transferred in the order named if the first designated custodial trustee is unable or unwilling to serve.

(3)A designation under this section may be made in a will, a trust, a deed, a multiple-party account, an insurance policy, an instrument exercising a power of appointment, or a writing designating a beneficiary of contractual rights. Oth

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(1) A person having the right to designate the recipient of property payable or transferable upon a future event may create a custodial trust upon the occurrence of the future event by designating in writing the recipient, followed in substance by: "as custodial trustee for (name of beneficiary) under the Idaho uniform custodial trust act."
(2) Persons may be designated as substitute or successor custodial trustees to whom the property must be paid or transferred in the order named if the first designated custodial trustee is unable or unwilling to serve.
(3) A designation under this section may be made in a will, a trust, a deed, a multiple-party account, an insurance policy, an instrument exercising a power of appointment, or a writing designating a beneficiary of contractual rights. Otherwise, to be effective, the designation must be registered with or delivered to the fiduciary, payor, issuer, or obligor of the future right.

Idaho § 68-1303 (CUSTODIAL TRUSTEE FOR FUTURE PAYMENT OR TRANSFER) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.