[WSBAPT] Uniform transfer to minors act will clause

[Lisa Schuchman]

In the event that any of my beneficiaries is under the age of twenty-five (25) years at the time of distribution and no trust is provided, I nominate and appoint __ as custodian of the beneficiary's share under the Uniform Transfers to Minors Act.  Funds shall be held and applied on the beneficiary's behalf until the beneficiary reaches the age of twenty-five (25) years, or any later age then provided under the Uniform Transfers to Minors Act of the State of Washington, as amended.  The custodian may make discretionary distributions for the health, education, welfare and support of the beneficiary.  In no event shall the custodian be required by the court to post any bond whatsoever.  If he/she is unable or unwilling to so act, then I nominate __ as custodian under the same terms and conditions.

Lisa E. Schuchman
206-325-2801
www.lisaschuchman.com<http://www.lisaschuchman.com/>

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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Lovie Bernardi
Sent: Monday, January 11, 2016 1:15 PM
To: WSBA Probate & Trust Listserv
Subject: [WSBAPT] Uniform transfer to minors act will clause

Does anyone have a Uniform Transfers to Minors Act clause for a will they are willing to share? The language in the statute is worded for a direct transfer to the custodian. The client wishes to make a specific bequest of money to a niece who is now under age, and wants to name a custodian (mom) and an alternate custodian (not dad) for the gift of money in the event the niece is under 21 at the time the gift vests. Thanks in advance.

Lovie L. Bernardi
Flaherty & Bernardi, PLLC
216 First AVE S, #450
Seattle, WA  98104
(206) 682-2616

lovie at sbfirm.com<mailto:joni at sbfirm.com>
http://sbfirm.com<http://sbfirm.com/>

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