14-9109

14-9109. 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 that either the custodial trustee or the beneficiary may withdraw
funds from or draw checks against. Funds withdrawn from or checks written against the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.