SECTION 710.106. Transfer authorized by will or trust.

Latest version.

1(1) 2A personal representative or trustee may make an irrevocable transfer pursuant to s. 15710.111 16to a custodian for the benefit of a minor as authorized in the governing will or trust.
33(2) 34If the testator or settlor has nominated a custodian under s. 45710.104 46to receive the custodial property, the transfer must be made to that person.
59(3) 60If the testator or settlor has not nominated a custodian under s. 72710.104, 73or 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 s. 123710.111(1)124.

History.-s. 1, ch. 85-95.

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