2011 Code of Virginia
Title 31 GUARDIAN AND WARD.
Chapter 6 Virginia Uniform Transfers to Minors Act (31-37 thru 31-59)
31-41 Transfer authorized by will or trust
31-41. Transfer authorized by will or trust.
A personal representative or trustee may make an irrevocable transfer pursuant to 31-45 to a custodian for the benefit of a minor as authorized in the governing will or trust. If the testator or settlor has nominated a custodian under 31-39 to receive the custodial property, the transfer must be made to that person.
If the testator or settlor has not nominated a custodian under 31-39 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 shall designate the custodian from among those eligible to serve as custodian for property of that kind under subsection A of 31-45.
(1988, c. 516.)
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