2005 Idaho Code - 68-1306 — MULTIPLE BENEFICIARIES -- SEPARATE CUSTODIAL TRUSTS -- SURVIVORSHIP

                                  TITLE  68
                            TRUSTS AND FIDUCIARIES
                                  CHAPTER 13
                      IDAHO UNIFORM CUSTODIAL TRUST ACT
    68-1306.  MULTIPLE BENEFICIARIES -- SEPARATE CUSTODIAL TRUSTS --
SURVIVORSHIP. (1) Beneficial interests in a custodial trust created for
multiple beneficiaries are deemed to be separate custodial trusts of equal
undivided interests for each beneficiary.  Except in a transfer or declaration
for use and benefit of husband and wife, for whom survivorship is presumed, a
right of survivorship does not exist unless the instrument creating the
custodial trust specifically provides for survivorship or survivorship is
required as to community or marital property.
    (2)  Custodial trust property held under this chapter by the same
custodial trustee for the use and benefit of the same beneficiary may be
administered as a single custodial trust.
    (3)  A custodial trustee of custodial trust property held for more than
one (1) beneficiary shall separately account to each beneficiary pursuant to
sections 68-1307 and 68-1315, Idaho Code, for the administration of the
custodial trust.