38-1706. Transfer authorized by will or trust. (a) A personal representative or trustee may make an irrevocable transfer pursuant to K.S.A. 38-1710 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 K.S.A. 38-1704 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 K.S.A. 38-1704, 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 subsection (a) of K.S.A. 38-1710.
History: L. 1985, ch. 143, ยง 5; July 1.
Structure Kansas Statutes
Article 17 - Uniform Transfers To Minors Act
38-1703 Scope and jurisdiction.
38-1704 Nomination of custodian.
38-1705 Transfer by gift or exercise of power of appointment.
38-1706 Transfer authorized by will or trust.
38-1707 Other transfer by fiduciary.
38-1709 Receipt for custodial property.
38-1712 Validity and effect of transfer.
38-1713 Care of custodial property.
38-1715 Use of custodial property.
38-1716 Custodian's expenses, compensation and bond.
38-1717 Exemption of third person from liability.
38-1718 Liability to third persons.
38-1720 Accounting by and determination of liability of custodian.
38-1721 Termination of custodianship.
38-1723 Effect on existing custodianships.