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Chapter 9. Devise Subject To California Uniform Transfers To Minors Act of California Probate Code >> Division 6. >> Part 1. >> Chapter 9.
If a testator's will provides that devised property shall be
paid or delivered or transferred to a custodian subject to the
California Uniform Gifts to Minors Act or the California Uniform
Transfers to Minors Act:
(a) All of the provisions of the California Uniform Transfers to Minors Act, Part 9 (commencing with Section 3900) of Division 4, including, but not limited to, the definitions and the provisions concerning powers, rights, and immunities contained in that act, are applicable to the devise during the period prior to distribution of the property.
(b) Unless the will clearly requires otherwise, if the person named as the beneficiary for whose benefit the custodial property is to be held attains the age at which the custodianship was to terminate prior to the order of distribution, the devise shall be deemed to be a direct devise to the person named as the beneficiary for whose benefit the custodial property was to be held.
(c) The personal representative of the testator's estate, upon entry of an order for distribution, shall make distribution pursuant to the order for distribution by transferring the devised property in the form and manner provided by the California Uniform Transfers to Minors Act.
(d) If a vacancy in the custodianship exists prior to full distribution of the devised property by the personal representative, a successor custodian shall be appointed for any undistributed property in the manner provided by the California Uniform Transfers to Minors Act.
(a) All of the provisions of the California Uniform Transfers to Minors Act, Part 9 (commencing with Section 3900) of Division 4, including, but not limited to, the definitions and the provisions concerning powers, rights, and immunities contained in that act, are applicable to the devise during the period prior to distribution of the property.
(b) Unless the will clearly requires otherwise, if the person named as the beneficiary for whose benefit the custodial property is to be held attains the age at which the custodianship was to terminate prior to the order of distribution, the devise shall be deemed to be a direct devise to the person named as the beneficiary for whose benefit the custodial property was to be held.
(c) The personal representative of the testator's estate, upon entry of an order for distribution, shall make distribution pursuant to the order for distribution by transferring the devised property in the form and manner provided by the California Uniform Transfers to Minors Act.
(d) If a vacancy in the custodianship exists prior to full distribution of the devised property by the personal representative, a successor custodian shall be appointed for any undistributed property in the manner provided by the California Uniform Transfers to Minors Act.
The will may provide for successor or substitute custodians
and may specify the standard of compensation of the custodian.
(a) Except as otherwise provided in the will or ordered by a
court, each custodian designated in the will and the person for whom
the property is to be held shall be deemed a devisee for the purpose
of receiving notices which may be required or permitted to be sent to
a devisee in the estate of the testator.
(b) Unless required by the will or ordered by the court, a custodian does not have a duty to participate in the proceedings in the estate on behalf of the minor, and in no event does the custodian have a duty to so participate until the custodian has filed a written notice of acceptance of the office of custodian with the clerk of the court in which administration of the estate of the testator is pending.
(b) Unless required by the will or ordered by the court, a custodian does not have a duty to participate in the proceedings in the estate on behalf of the minor, and in no event does the custodian have a duty to so participate until the custodian has filed a written notice of acceptance of the office of custodian with the clerk of the court in which administration of the estate of the testator is pending.
Until distribution of the property pursuant to an order for
distribution is completed, the court in which administration of the
estate of the testator is pending has exclusive jurisdiction over all
proceedings and matters concerning undistributed property,
including, but not limited to, the appointment, declination,
resignation, removal, bonding, and compensation of, and the delivery
or transfer of the undistributed property to, a custodian. After
distribution of any property is completed, the court has no further
jurisdiction over the distributed property and the property shall be
held subject to the California Uniform Transfers to Minors Act.
(a) This chapter shall not be construed as providing an
exclusive method for making devises to or for the benefit of minors.
(b) Nothing in this chapter limits any provision of the California Uniform Transfers to Minors Act, Part 9 (commencing with Section 3900) of Division 4.
(b) Nothing in this chapter limits any provision of the California Uniform Transfers to Minors Act, Part 9 (commencing with Section 3900) of Division 4.
