2005 Idaho Code - 68-1305 — TRANSFER TO CUSTODIAL TRUSTEE BY FIDUCIARY OR OBLIGOR -- FACILITY OF PAYMENT

                                  TITLE  68
                            TRUSTS AND FIDUCIARIES
                                  CHAPTER 13
                      IDAHO UNIFORM CUSTODIAL TRUST ACT
    68-1305.  TRANSFER TO CUSTODIAL TRUSTEE BY FIDUCIARY OR OBLIGOR --
FACILITY OF PAYMENT. (1)  Unless otherwise directed by an instrument
designating a custodial trustee pursuant to section 68-1303, Idaho Code, a
person including a fiduciary other than a custodial trustee, who holds
property of or owes a debt to an incapacitated individual not having a
conservator may make a transfer to an adult member of the beneficiary's family
or to a trust company as custodial trustee for the use and benefit of the
incapacitated individual.  If the value of the property or the debt exceeds
twenty thousand dollars ($20,000), the transfer is not effective unless
authorized by the court.
    (2)  A written acknowledgment of delivery, signed by a custodial trustee,
is a sufficient receipt and discharge for property transferred to the
custodial trustee pursuant to this section.