Rhode Island § 18-13-9 § 18-13-9. Use of custodial trust property.

Rhode Island Statutes

§ 18-13-9 — § 18-13-9. Use of custodial trust property.

Rhode Island § 18-13-9

Title 18Fiduciaries

Ch. 18-13Rhode Island Uniform Custodial Trust Act

This text of Rhode Island § 18-13-9 (§ 18-13-9. Use of custodial trust property.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 18-13-9 (2026).

Text

§ 18-13-9. Use of custodial trust property.
(a) A custodial trustee shall pay to the beneficiary or expend for the beneficiary's use
            and benefit as much or all of the custodial trust property as the beneficiary, while
            not incapacitated, may direct from time to time.
         
(b) If the beneficiary is incapacitated, the custodial trustee shall expend as much or
            all of the custodial trust property as the custodial trustee considers advisable for
            the use and benefit of the beneficiary and individuals who were supported by the beneficiary
            when the beneficiary became incapacitated, or who are legally entitled to support

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§ 18-13-9. Use of custodial trust property.

(a) A custodial trustee shall pay to the beneficiary or expend for the beneficiary's use and benefit as much or all of the custodial trust property as the beneficiary, while not incapacitated, may direct from time to time.

(b) If the beneficiary is incapacitated, the custodial trustee shall expend as much or all of the custodial trust property as the custodial trustee considers advisable for the use and benefit of the beneficiary and individuals who were supported by the beneficiary when the beneficiary became incapacitated, or who are legally entitled to support by the beneficiary. Expenditures may be made in the manner, when, and to the extent that the custodial trustee determines suitable and proper, without court order and without regard to other support, income, or property of the beneficiary.

(c) A custodial trustee may establish checking, savings, or other similar accounts of reasonable amounts under which either the custodial trustee or the beneficiary may withdraw funds from, or draw checks against, the accounts. Funds withdrawn from, or checks written against, the account by the beneficiary are distributions of custodial trust property by the custodial trustee to the beneficiary.