Indiana § 30-2-8.6-19 Terminating a custodial trust

Indiana Statutes

§ 30-2-8.6-19 — Terminating a custodial trust

Indiana § 30-2-8.6-19

Art. 2GENERAL PROVISIONS

Ch. 8.6Uniform Custodial Trust Act

This text of Indiana § 30-2-8.6-19 (Terminating a custodial trust) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 30-2-8.6-19 (2026).

Text

(a)Except as provided in subsection (b), a transferor may not terminate a custodial trust.

(b)A custodial trust may be terminated by the beneficiary if the beneficiary is not incapacitated. In order to terminate the trust, the beneficiary must deliver to the custodial trustee a writing that:

(1)is signed by the beneficiary; and

(2)declares the termination of the custodial trust.

(c)If not previously terminated, a custodial trust terminates on the death of the beneficiary.

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(a) Except as provided in subsection (b), a
transferor may not terminate a custodial trust.
(b) A custodial trust may be terminated by the beneficiary if the
beneficiary is not incapacitated. In order to terminate the trust, the
beneficiary must deliver to the custodial trustee a writing that:
(1) is signed by the beneficiary; and
(2) declares the termination of the custodial trust.
(c) If not previously terminated, a custodial trust terminates on the
death of the beneficiary.