{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-916.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-916.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-916.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-916.html"}],"law_id":58406,"edition_id":1,"section_id":58406,"structure_id":13564,"section_number":"64.2-916","catch_line":"Distribution on termination","history":"1990, c. 264, \u00a7 55-34.17; 2012, c. 614.","full_text":"A\n\nUpon termination of a custodial trust, the custodial trustee shall transfer the unexpended custodial trust property as follows:1\n\nTo the beneficiary, if not incapacitated or deceased;2\n\nTo the conservator or such other recipient as is designated by the court for an incapacitated beneficiary; or3\n\nUpon the beneficiary&#8217;s death, in the following order:\n\t\t\t\ta. As last directed in writing signed by the deceased beneficiary while not incapacitated and received by the custodial trustee during the life of the deceased beneficiary;\n\t\t\t\tb. To the survivor of multiple beneficiaries if survivorship is provided for pursuant to &#xA7; 64.2-905;\n\t\t\t\tc. As designated in the instrument creating the custodial trust; or\n\t\t\t\td. To the estate of the deceased beneficiary.B\n\nIf, when the custodial trust would otherwise terminate, the distributee is incapacitated, the custodial trust continues for the use and benefit of the distributee as beneficiary until the incapacity is removed or the custodial trust is otherwise terminated.C\n\nDeath of the beneficiary does not terminate the power of the custodial trustee to discharge obligations of the custodial trustee or beneficiary incurred before the termination of the custodial trust.","order_by":null,"text":{"0":{"id":213867,"text":"Upon termination of a custodial trust, the custodial trustee shall transfer the unexpended custodial trust property as follows:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":213868,"text":"To the beneficiary, if not incapacitated or deceased;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":213869,"text":"To the conservator or such other recipient as is designated by the court for an incapacitated beneficiary; or","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":213870,"text":"Upon the beneficiary&#8217;s death, in the following order:\n\t\t\t\ta. As last directed in writing signed by the deceased beneficiary while not incapacitated and received by the custodial trustee during the life of the deceased beneficiary;\n\t\t\t\tb. To the survivor of multiple beneficiaries if survivorship is provided for pursuant to &#xA7; 64.2-905;\n\t\t\t\tc. As designated in the instrument creating the custodial trust; or\n\t\t\t\td. To the estate of the deceased beneficiary.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":213871,"text":"If, when the custodial trust would otherwise terminate, the distributee is incapacitated, the custodial trust continues for the use and benefit of the distributee as beneficiary until the incapacity is removed or the custodial trust is otherwise terminated.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3","next_prefix":"C"},"5":{"id":213872,"text":"Death of the beneficiary does not terminate the power of the custodial trustee to discharge obligations of the custodial trustee or beneficiary incurred before the termination of the custodial trust.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13564,"edition_id":1,"name":"Uniform Custodial Trust Act","identifier":"9","label":"chapter","depth":3,"order_by":1,"parent_id":12724,"metadata":{},"date_created":"2026-06-26 03:45:15","date_modified":"2026-06-26 03:45:15","permalink":{"id":274735,"object_type":"structure","relational_id":13564,"identifier":"9","token":"64.2\/III\/9","url":"\/64.2\/III\/9\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12724,"edition_id":1,"name":"Trusts","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12723,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":273811,"object_type":"structure","relational_id":12724,"identifier":"III","token":"64.2\/III","url":"\/64.2\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12723,"edition_id":1,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":272781,"object_type":"structure","relational_id":12723,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":66999,"structure_id":13564,"section_number":"64.2-900","catch_line":"Definitions","url":"\/64.2-900\/","token":"64.2\/III\/9\/64.2-900","metadata":false},{"id":57024,"structure_id":13564,"section_number":"64.2-901","catch_line":"Custodial trust; creation and termination; general provisions","url":"\/64.2-901\/","token":"64.2\/III\/9\/64.2-901","metadata":false},{"id":74644,"structure_id":13564,"section_number":"64.2-902","catch_line":"Custodial trustee for future payment or transfer","url":"\/64.2-902\/","token":"64.2\/III\/9\/64.2-902","metadata":false},{"id":58164,"structure_id":13564,"section_number":"64.2-903","catch_line":"Form and effect of receipt and acceptance by custodial trustee; jurisdiction","url":"\/64.2-903\/","token":"64.2\/III\/9\/64.2-903","metadata":false},{"id":77892,"structure_id":13564,"section_number":"64.2-904","catch_line":"Transfer to custodial trustee by fiduciary or obligor; facility of payment","url":"\/64.2-904\/","token":"64.2\/III\/9\/64.2-904","metadata":false},{"id":68669,"structure_id":13564,"section_number":"64.2-905","catch_line":"Multiple beneficiaries; separate custodial trusts; survivorship","url":"\/64.2-905\/","token":"64.2\/III\/9\/64.2-905","metadata":false},{"id":64170,"structure_id":13564,"section_number":"64.2-906","catch_line":"General duties of custodial trustee","url":"\/64.2-906\/","token":"64.2\/III\/9\/64.2-906","metadata":false},{"id":73358,"structure_id":13564,"section_number":"64.2-907","catch_line":"General powers of custodial trustee","url":"\/64.2-907\/","token":"64.2\/III\/9\/64.2-907","metadata":false},{"id":54526,"structure_id":13564,"section_number":"64.2-908","catch_line":"Use of custodial trust property","url":"\/64.2-908\/","token":"64.2\/III\/9\/64.2-908","metadata":false},{"id":68505,"structure_id":13564,"section_number":"64.2-909","catch_line":"Determination of incapacity; effect","url":"\/64.2-909\/","token":"64.2\/III\/9\/64.2-909","metadata":false},{"id":85961,"structure_id":13564,"section_number":"64.2-910","catch_line":"Exemption of third person from liability","url":"\/64.2-910\/","token":"64.2\/III\/9\/64.2-910","metadata":false},{"id":60757,"structure_id":13564,"section_number":"64.2-911","catch_line":"Liability to third person; exceptions","url":"\/64.2-911\/","token":"64.2\/III\/9\/64.2-911","metadata":false},{"id":84334,"structure_id":13564,"section_number":"64.2-912","catch_line":"Declination, resignation, incapacity, death, or removal of custodial trustee; designation of successor","url":"\/64.2-912\/","token":"64.2\/III\/9\/64.2-912","metadata":false},{"id":68794,"structure_id":13564,"section_number":"64.2-913","catch_line":"Expenses, compensation, and bond of custodial trustee","url":"\/64.2-913\/","token":"64.2\/III\/9\/64.2-913","metadata":false},{"id":67869,"structure_id":13564,"section_number":"64.2-914","catch_line":"Reporting and accounting by custodial trustee; determination of liability","url":"\/64.2-914\/","token":"64.2\/III\/9\/64.2-914","metadata":false},{"id":61760,"structure_id":13564,"section_number":"64.2-915","catch_line":"Limitations of action against custodial trustee","url":"\/64.2-915\/","token":"64.2\/III\/9\/64.2-915","metadata":false},{"id":58406,"structure_id":13564,"section_number":"64.2-916","catch_line":"Distribution on termination","url":"\/64.2-916\/","token":"64.2\/III\/9\/64.2-916","metadata":false},{"id":75814,"structure_id":13564,"section_number":"64.2-917","catch_line":"Methods and forms for creating custodial trusts","url":"\/64.2-917\/","token":"64.2\/III\/9\/64.2-917","metadata":false},{"id":71807,"structure_id":13564,"section_number":"64.2-918","catch_line":"Applicable law","url":"\/64.2-918\/","token":"64.2\/III\/9\/64.2-918","metadata":false}],"previous_section":{"id":61760,"structure_id":13564,"section_number":"64.2-915","catch_line":"Limitations of action against custodial trustee","url":"\/64.2-915\/","token":"64.2\/III\/9\/64.2-915","metadata":false},"next_section":{"id":75814,"structure_id":13564,"section_number":"64.2-917","catch_line":"Methods and forms for creating custodial trusts","url":"\/64.2-917\/","token":"64.2\/III\/9\/64.2-917","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-916\/","history_text":"<p>This law was first created in 1990. The record of its establishment is cataloged in chapter 264 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1990 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2012, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0614\">614<\/a>.<\/p>","references":false,"refers_to":[{"id":68669,"section_number":"64.2-905","catch_line":"Multiple beneficiaries; separate custodial trusts; survivorship","order_by":null,"url":"\/64.2-905\/"}],"permalink":{"id":274801,"object_type":"law","relational_id":58406,"identifier":"64.2-916","token":"64.2\/III\/9\/64.2-916","url":"\/64.2-916\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-916\/","token":"64.2\/III\/9\/64.2-916","dublin_core":{"Title":"Distribution on termination","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-916","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> Upon termination of a custodial trust, the <span class=\"dictionary\">custodial trustee<\/span> shall transfer the unexpended <span class=\"dictionary\">custodial trust property<\/span> as follows: <a id=\"paragraph-213867\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-916\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> To the <span class=\"dictionary\">beneficiary<\/span>, if not <span class=\"dictionary\">incapacitated<\/span> or deceased; <a id=\"paragraph-213868\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-916\/#A1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> To the <span class=\"dictionary\">conservator<\/span> or such other recipient as is designated by the <span class=\"dictionary\">court<\/span> for an <span class=\"dictionary\">incapacitated<\/span> <span class=\"dictionary\">beneficiary<\/span>; or <a id=\"paragraph-213869\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-916\/#A2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> Upon the <span class=\"dictionary\">beneficiary<\/span>&#8217;s death, in the following <span class=\"dictionary\">order<\/span>:\n\t\t\t\ta. As last directed in writing signed by the deceased <span class=\"dictionary\">beneficiary<\/span> while not <span class=\"dictionary\">incapacitated<\/span> and received by the <span class=\"dictionary\">custodial trustee<\/span> during the life of the deceased <span class=\"dictionary\">beneficiary<\/span>;\n\t\t\t\tb. To the survivor of multiple beneficiaries if survivorship is provided for pursuant to &#xA7; <a class=\"law\" title=\"Multiple beneficiaries; separate custodial trusts; survivorship\" href=\"\/64.2-905\/\">64.2-905<\/a>;\n\t\t\t\tc. As designated in the instrument creating the custodial trust; or\n\t\t\t\td. To the estate of the deceased <span class=\"dictionary\">beneficiary<\/span>. <a id=\"paragraph-213870\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-916\/#A3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> If, when the custodial trust would otherwise terminate, the distributee is <span class=\"dictionary\">incapacitated<\/span>, the custodial trust continues for the use and benefit of the distributee as <span class=\"dictionary\">beneficiary<\/span> until the incapacity is removed or the custodial trust is otherwise terminated. <a id=\"paragraph-213871\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-916\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> Death of the <span class=\"dictionary\">beneficiary<\/span> does not terminate the power of the <span class=\"dictionary\">custodial trustee<\/span> to discharge obligations of the <span class=\"dictionary\">custodial trustee<\/span> or <span class=\"dictionary\">beneficiary<\/span> incurred before the termination of the custodial trust. <a id=\"paragraph-213872\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-916\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nDISTRIBUTION ON TERMINATION (\u00a7 64.2-916)\n\nA. Upon termination of a custodial trust, the custodial trustee shall transfer\nthe unexpended custodial trust property as follows:\n\n   1. To the beneficiary, if not incapacitated or deceased;\n\n   2. To the conservator or such other recipient as is designated by the court\n   for an incapacitated beneficiary; or\n\n   3. Upon the beneficiary&#8217;s death, in the following order:\n   \t\t\t\ta. As last directed in writing signed by the deceased beneficiary while\n   not incapacitated and received by the custodial trustee during the life of the\n   deceased beneficiary;\n   \t\t\t\tb. To the survivor of multiple beneficiaries if survivorship is provided\n   for pursuant to &#xA7; 64.2-905;\n   \t\t\t\tc. As designated in the instrument creating the custodial trust; or\n   \t\t\t\td. To the estate of the deceased beneficiary.\n\nB. If, when the custodial trust would otherwise terminate, the distributee is\nincapacitated, the custodial trust continues for the use and benefit of the\ndistributee as beneficiary until the incapacity is removed or the custodial\ntrust is otherwise terminated.\n\nC. Death of the beneficiary does not terminate the power of the custodial\ntrustee to discharge obligations of the custodial trustee or beneficiary\nincurred before the termination of the custodial trust.\n\nHISTORY: 1990, c. 264, \u00a7 55-34.17; 2012, c. 614.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}