(a) A personal representative or trustee may make an irrevocable transfer pursuant to § 4509 of this title to a custodian for the benefit of a minor as authorized in the governing will or trust.
(b) If the testator or settlor has nominated a custodian under § 4503 of this title to receive the custodial property, the transfer must be made to that person.
(c) If the testator or settlor has not nominated a custodian under § 4503 of this title, or all persons so nominated as custodian die before the transfer or are unable, decline or are ineligible to serve, the personal representative or the trustee, as the case may be, shall designate the custodian from among those eligible to serve as custodian for property of that kind under § 4509(a) of this title.
Structure Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Chapter 45. DELAWARE UNIFORM TRANSFERS TO MINORS ACT
§ 4502. Scope and jurisdiction.
§ 4503. Nomination of custodian.
§ 4504. Transfer by gift or exercise of power of appointment.
§ 4505. Transfer authorized by will or trust.
§ 4506. Other transfer by fiduciary.
§ 4508. Receipt for custodial property.
§ 4511. Validity and effect of transfer.
§ 4512. Care of custodial property.
§ 4514. Use of custodial property.
§ 4515. Custodian's expenses, compensation and bond.
§ 4516. Exemption of third person from liability.
§ 4517. Liability to third persons.
§ 4519. Accounting by and determination of liability of custodian.
§ 4520. Termination of custodianship.