There is a newer version
of
this Section
2021 New Hampshire Revised Statutes
Title XLIV - Guardians and Conservators
Title 463-A - Uniform Transfers to Minors Act
Section 463-A:6 - Other Transfer by Fiduciary.
Universal Citation: NH Rev Stat § 463-A:6 (2021)
463-A:6 Other Transfer by Fiduciary. –
I. Subject to paragraph III, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to RSA 463-A:9, in the absence of a will or under a will or trust that does not contain an authorization to do so.
II. Subject to paragraph III, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to RSA 463-A:9.
III. A transfer under paragraph I or II may be made only if:
(a) The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor;
(b) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and
(c) The transfer is less than or equal to $10,000 in value; otherwise a guardianship over the estate of the minor shall be required by the probate court pursuant to RSA 463, unless otherwise ordered by the court.
I. Subject to paragraph III, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to RSA 463-A:9, in the absence of a will or under a will or trust that does not contain an authorization to do so.
II. Subject to paragraph III, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to RSA 463-A:9.
III. A transfer under paragraph I or II may be made only if:
(a) The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor;
(b) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and
(c) The transfer is less than or equal to $10,000 in value; otherwise a guardianship over the estate of the minor shall be required by the probate court pursuant to RSA 463, unless otherwise ordered by the court.
Source. 1985, 197:1. 2005, 68:1, eff. July 22, 2005.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
