{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-917.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-917.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-917.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-917.html"}],"law_id":75814,"edition_id":1,"section_id":75814,"structure_id":13564,"section_number":"64.2-917","catch_line":"Methods and forms for creating custodial trusts","history":"1990, c. 264, \u00a7 55-34.18; 2012, c. 614.","full_text":"A\n\nIf a transaction, including a declaration with respect to or a transfer of specific property, otherwise satisfies applicable law, the criteria of \u00a7 64.2-901 are satisfied by either:1\n\nThe execution and either delivery to the custodial trustee or recording of an instrument in substantially the following form:\n\t\t\t\tTRANSFER UNDER THE VIRGINIA UNIFORM CUSTODIAL TRUST ACT\n\t\t\t\tI, ____________________ (name of transferor or name and representative capacity if a fiduciary), transfer to ____________________ (name of trustee other than transferor), as custodial trustee for ____________________ (name of beneficiary) as beneficiary and ____________________ (name of distributee) as distributee on termination of the trust in absence of direction by the beneficiary under the Virginia Uniform Custodial Trust Act, the following: ____________________ (insert a description of the custodial trust property legally sufficient to identify and transfer each item of property).\n\t\t\t\tDated: ____________________\n\t\t\t\t________________________________________(signature of transferor or fiduciary)2\n\nThe execution and the recording or giving notice of its execution to the beneficiary of an instrument in substantially the following form:\n\t\t\t\tDECLARATION OF TRUST UNDER THE VIRGINIA UNIFORM CUSTODIAL TRUST ACT\n\t\t\t\tI, ____________________ (name of owner of property), declare that henceforth I hold as custodial trustee for ____________________ (name of beneficiary other than transferor) as beneficiary and ____________________ (name of distributee) as distributee on termination of the trust in absence of direction by the beneficiary under the Virginia Uniform Custodial Trust Act, the following: ____________________ (insert a description of the custodial trust property legally sufficient to identify and transfer each item of property).\n\t\t\t\tDated: ____________________\n\t\t\t\t________________________________________(signature of owner)3\n\nEither form may be modified by the owner to include, for example, a designation of an alternate or successor trustee or the recipient of the custodial property upon termination of the trust.B\n\nCustomary methods of transferring or evidencing ownership of property may be used to create a custodial trust, including any of the following:1\n\nRegistration of a security in the name of a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;2\n\nDelivery of a certificated security, or a document necessary for the transfer of an uncertificated security, together with any necessary endorsement, to an adult other than the transferor or to a trust company as custodial trustee, accompanied by an instrument in substantially the form prescribed in subdivision A 1;3\n\nPayment of money or transfer of a security held in the name of a broker or a financial institution or its nominee to a broker or financial institution for credit to an account in the name of a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;4\n\nRegistration of ownership of a life or endowment insurance policy or annuity contract with the issuer in the name of a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;5\n\nDelivery of a written assignment to an adult other than the transferor or to a trust company whose name in the assignment is designated in substance by the words “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;6\n\nIrrevocable exercise of power of appointment, pursuant to its terms, in favor of a trust company, an adult other than the donee of the power, or the donee who holds the power if the beneficiary is other than the donee, whose name in the appointment is designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;7\n\nDelivery of a written notification or assignment of a right to future payment under a contract to an obligor that transfers the right under the contract to a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, whose name in the notification or assignment is designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;8\n\nExecution, delivery, and recordation of a conveyance of an interest in real property in the name of a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;9\n\nIssuance of a certificate of title by an agency of a state or of the United States that evidences title to tangible personal property (i) issued in the name of a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, designated in substance “as custodial trustee for ____________________(name of beneficiary) under the Virginia Uniform Custodial Trust Act,” or (ii) delivered to a trust company or an adult other than the transferor or endorsed by the transferor to that person, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”; or10\n\nExecution and delivery of an instrument of gift to a trust company or an adult other than the transferor, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act.”","order_by":null,"text":{"0":{"id":272244,"text":"If a transaction, including a declaration with respect to or a transfer of specific property, otherwise satisfies applicable law, the criteria of \u00a7 64.2-901 are satisfied by either:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":272245,"text":"The execution and either delivery to the custodial trustee or recording of an instrument in substantially the following form:\n\t\t\t\tTRANSFER UNDER THE VIRGINIA UNIFORM CUSTODIAL TRUST ACT\n\t\t\t\tI, ____________________ (name of transferor or name and representative capacity if a fiduciary), transfer to ____________________ (name of trustee other than transferor), as custodial trustee for ____________________ (name of beneficiary) as beneficiary and ____________________ (name of distributee) as distributee on termination of the trust in absence of direction by the beneficiary under the Virginia Uniform Custodial Trust Act, the following: ____________________ (insert a description of the custodial trust property legally sufficient to identify and transfer each item of property).\n\t\t\t\tDated: ____________________\n\t\t\t\t________________________________________(signature of transferor or fiduciary)","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":272246,"text":"The execution and the recording or giving notice of its execution to the beneficiary of an instrument in substantially the following form:\n\t\t\t\tDECLARATION OF TRUST UNDER THE VIRGINIA UNIFORM CUSTODIAL TRUST ACT\n\t\t\t\tI, ____________________ (name of owner of property), declare that henceforth I hold as custodial trustee for ____________________ (name of beneficiary other than transferor) as beneficiary and ____________________ (name of distributee) as distributee on termination of the trust in absence of direction by the beneficiary under the Virginia Uniform Custodial Trust Act, the following: ____________________ (insert a description of the custodial trust property legally sufficient to identify and transfer each item of property).\n\t\t\t\tDated: ____________________\n\t\t\t\t________________________________________(signature of owner)","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":272247,"text":"Either form may be modified by the owner to include, for example, a designation of an alternate or successor trustee or the recipient of the custodial property upon termination of the trust.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":272248,"text":"Customary methods of transferring or evidencing ownership of property may be used to create a custodial trust, including any of the following:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3","next_prefix":"B1"},"5":{"id":272249,"text":"Registration of a security in the name of a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"6":{"id":272250,"text":"Delivery of a certificated security, or a document necessary for the transfer of an uncertificated security, together with any necessary endorsement, to an adult other than the transferor or to a trust company as custodial trustee, accompanied by an instrument in substantially the form prescribed in subdivision A 1;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"7":{"id":272251,"text":"Payment of money or transfer of a security held in the name of a broker or a financial institution or its nominee to a broker or financial institution for credit to an account in the name of a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"8":{"id":272252,"text":"Registration of ownership of a life or endowment insurance policy or annuity contract with the issuer in the name of a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"B5"},"9":{"id":272253,"text":"Delivery of a written assignment to an adult other than the transferor or to a trust company whose name in the assignment is designated in substance by the words “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4","next_prefix":"B6"},"10":{"id":272254,"text":"Irrevocable exercise of power of appointment, pursuant to its terms, in favor of a trust company, an adult other than the donee of the power, or the donee who holds the power if the beneficiary is other than the donee, whose name in the appointment is designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;","type":"section","prefixes":["B","6"],"prefix":"6","entire_prefix":"B6","prefix_anchor":"B6","level":2,"prior_prefix":"B5","next_prefix":"B7"},"11":{"id":272255,"text":"Delivery of a written notification or assignment of a right to future payment under a contract to an obligor that transfers the right under the contract to a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, whose name in the notification or assignment is designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;","type":"section","prefixes":["B","7"],"prefix":"7","entire_prefix":"B7","prefix_anchor":"B7","level":2,"prior_prefix":"B6","next_prefix":"B8"},"12":{"id":272256,"text":"Execution, delivery, and recordation of a conveyance of an interest in real property in the name of a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”;","type":"section","prefixes":["B","8"],"prefix":"8","entire_prefix":"B8","prefix_anchor":"B8","level":2,"prior_prefix":"B7","next_prefix":"B9"},"13":{"id":272257,"text":"Issuance of a certificate of title by an agency of a state or of the United States that evidences title to tangible personal property (i) issued in the name of a trust company, an adult other than the transferor, or the transferor if the beneficiary is other than the transferor, designated in substance “as custodial trustee for ____________________(name of beneficiary) under the Virginia Uniform Custodial Trust Act,” or (ii) delivered to a trust company or an adult other than the transferor or endorsed by the transferor to that person, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act”; or","type":"section","prefixes":["B","9"],"prefix":"9","entire_prefix":"B9","prefix_anchor":"B9","level":2,"prior_prefix":"B8","next_prefix":"B10"},"14":{"id":272258,"text":"Execution and delivery of an instrument of gift to a trust company or an adult other than the transferor, designated in substance “as custodial trustee for ____________________ (name of beneficiary) under the Virginia Uniform Custodial Trust Act.”","type":"section","prefixes":["B","10"],"prefix":"10","entire_prefix":"B10","prefix_anchor":"B10","level":2,"prior_prefix":"B9"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-917\/","history_text":"

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 614<\/a>.<\/p>","references":false,"refers_to":[{"id":57024,"section_number":"64.2-901","catch_line":"Custodial trust; creation and termination; general provisions","order_by":null,"url":"\/64.2-901\/"}],"permalink":{"id":274805,"object_type":"law","relational_id":75814,"identifier":"64.2-917","token":"64.2\/III\/9\/64.2-917","url":"\/64.2-917\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-917\/","token":"64.2\/III\/9\/64.2-917","dublin_core":{"Title":"Methods and forms for creating custodial trusts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-917","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> If a transaction, including a declaration with respect to or a transfer of specific property, otherwise satisfies applicable law<\/span>, the criteria of \u00a7 64.2-901<\/a> are satisfied by either: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The execution and either delivery to the custodial trustee<\/span> or recording of an instrument in substantially the following form:\n\t\t\t\tTRANSFER UNDER THE VIRGINIA UNIFORM CUSTODIAL TRUST ACT\n\t\t\t\tI, ____________________ (name of transferor<\/span> or name and representative capacity if a fiduciary<\/span>), transfer to ____________________ (name of trustee other than transferor<\/span>), as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span>) as beneficiary<\/span> and ____________________ (name of distributee) as distributee on termination of the trust in absence of direction by the beneficiary<\/span> under the Virginia Uniform Custodial Trust Act, the following: ____________________ (insert a description of the custodial trust property<\/span> legally sufficient to identify and transfer each item of property).\n\t\t\t\tDated: ____________________\n\t\t\t\t________________________________________(signature of transferor<\/span> or fiduciary<\/span>) <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The execution and the recording or giving notice of its execution to the beneficiary<\/span> of an instrument in substantially the following form:\n\t\t\t\tDECLARATION OF TRUST UNDER THE VIRGINIA UNIFORM CUSTODIAL TRUST ACT\n\t\t\t\tI, ____________________ (name of owner of property), declare that henceforth I hold as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span> other than transferor<\/span>) as beneficiary<\/span> and ____________________ (name of distributee) as distributee on termination of the trust in absence of direction by the beneficiary<\/span> under the Virginia Uniform Custodial Trust Act, the following: ____________________ (insert a description of the custodial trust property<\/span> legally sufficient to identify and transfer each item of property).\n\t\t\t\tDated: ____________________\n\t\t\t\t________________________________________(signature of owner) <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Either form may be modified by the owner to include, for example, a designation of an alternate or successor trustee or the recipient of the custodial property upon termination of the trust. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Customary methods of transferring or evidencing ownership of property may be used to create a custodial trust, including any of the following: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Registration of a security in the name of a trust company<\/span>, an adult<\/span> other than the transferor<\/span>, or the transferor<\/span> if the beneficiary<\/span> is other than the transferor<\/span>, designated in substance “as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span>) under the Virginia Uniform Custodial Trust Act”; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Delivery of a certificated security, or a document necessary for the transfer of an uncertificated security, together with any necessary endorsement, to an adult<\/span> other than the transferor<\/span> or to a trust company<\/span> as custodial trustee<\/span>, accompanied by an instrument in substantially the form prescribed in subdivision A 1; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Payment of money or transfer of a security held in the name of a broker or a financial institution or its nominee to a broker or financial institution for credit to an account in the name of a trust company<\/span>, an adult<\/span> other than the transferor<\/span>, or the transferor<\/span> if the beneficiary<\/span> is other than the transferor<\/span>, designated in substance “as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span>) under the Virginia Uniform Custodial Trust Act”; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Registration of ownership of a life or endowment insurance policy or annuity contract<\/span> with the issuer in the name of a trust company<\/span>, an adult<\/span> other than the transferor<\/span>, or the transferor<\/span> if the beneficiary<\/span> is other than the transferor<\/span>, designated in substance “as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span>) under the Virginia Uniform Custodial Trust Act”; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Delivery of a written assignment to an adult<\/span> other than the transferor<\/span> or to a trust company<\/span> whose name in the assignment is designated in substance by the words “as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span>) under the Virginia Uniform Custodial Trust Act”; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Irrevocable exercise of power of appointment, pursuant to its terms, in favor of a trust company<\/span>, an adult<\/span> other than the donee of the power, or the donee who holds the power if the beneficiary<\/span> is other than the donee, whose name in the appointment is designated in substance “as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span>) under the Virginia Uniform Custodial Trust Act”; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Delivery of a written notification or assignment of a right to future payment under a contract<\/span> to an obligor that transfers the right under the contract<\/span> to a trust company<\/span>, an adult<\/span> other than the transferor<\/span>, or the transferor<\/span> if the beneficiary<\/span> is other than the transferor<\/span>, whose name in the notification or assignment is designated in substance “as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span>) under the Virginia Uniform Custodial Trust Act”; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Execution, delivery, and recordation of a conveyance of an interest in real property in the name of a trust company<\/span>, an adult<\/span> other than the transferor<\/span>, or the transferor<\/span> if the beneficiary<\/span> is other than the transferor<\/span>, designated in substance “as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span>) under the Virginia Uniform Custodial Trust Act”; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Issuance of a certificate of title by an agency of a state<\/span> or of the United States<\/span> that evidences<\/span> title to tangible personal property (i) issued in the name of a trust company<\/span>, an adult<\/span> other than the transferor<\/span>, or the transferor<\/span> if the beneficiary<\/span> is other than the transferor<\/span>, designated in substance “as custodial trustee<\/span> for ____________________(name of beneficiary<\/span>) under the Virginia Uniform Custodial Trust Act,” or (ii) delivered to a trust company<\/span> or an adult<\/span> other than the transferor<\/span> or endorsed by the transferor<\/span> to that person<\/span>, designated in substance “as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span>) under the Virginia Uniform Custodial Trust Act”; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Execution and delivery of an instrument of gift to a trust company<\/span> or an adult<\/span> other than the transferor<\/span>, designated in substance “as custodial trustee<\/span> for ____________________ (name of beneficiary<\/span>) under the Virginia Uniform Custodial Trust Act.” <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nMETHODS AND FORMS FOR CREATING CUSTODIAL TRUSTS (\u00a7 64.2-917)\n\nA. If a transaction, including a declaration with respect to or a transfer of\nspecific property, otherwise satisfies applicable law, the criteria of \u00a7\n64.2-901 are satisfied by either:\n\n 1. The execution and either delivery to the custodial trustee or recording of\n an instrument in substantially the following form:\n \t\t\t\tTRANSFER UNDER THE VIRGINIA UNIFORM CUSTODIAL TRUST ACT\n \t\t\t\tI, ____________________ (name of transferor or name and representative\n capacity if a fiduciary), transfer to ____________________ (name of trustee\n other than transferor), as custodial trustee for ____________________ (name of\n beneficiary) as beneficiary and ____________________ (name of distributee) as\n distributee on termination of the trust in absence of direction by the\n beneficiary under the Virginia Uniform Custodial Trust Act, the following:\n ____________________ (insert a description of the custodial trust property\n legally sufficient to identify and transfer each item of property).\n \t\t\t\tDated: ____________________\n \t\t\t\t________________________________________(signature of transferor or\n fiduciary)\n\n 2. The execution and the recording or giving notice of its execution to the\n beneficiary of an instrument in substantially the following form:\n \t\t\t\tDECLARATION OF TRUST UNDER THE VIRGINIA UNIFORM CUSTODIAL TRUST ACT\n \t\t\t\tI, ____________________ (name of owner of property), declare that\n henceforth I hold as custodial trustee for ____________________ (name of\n beneficiary other than transferor) as beneficiary and ____________________\n (name of distributee) as distributee on termination of the trust in absence of\n direction by the beneficiary under the Virginia Uniform Custodial Trust Act,\n the following: ____________________ (insert a description of the custodial\n trust property legally sufficient to identify and transfer each item of\n property).\n \t\t\t\tDated: ____________________\n \t\t\t\t________________________________________(signature of owner)\n\n 3. Either form may be modified by the owner to include, for example, a\n designation of an alternate or successor trustee or the recipient of the\n custodial property upon termination of the trust.\n\nB. Customary methods of transferring or evidencing ownership of property may be\nused to create a custodial trust, including any of the following:\n\n 1. Registration of a security in the name of a trust company, an adult other\n than the transferor, or the transferor if the beneficiary is other than the\n transferor, designated in substance “as custodial trustee for\n ____________________ (name of beneficiary) under the Virginia Uniform\n Custodial Trust Act”;\n\n 2. Delivery of a certificated security, or a document necessary for the\n transfer of an uncertificated security, together with any necessary\n endorsement, to an adult other than the transferor or to a trust company as\n custodial trustee, accompanied by an instrument in substantially the form\n prescribed in subdivision A 1;\n\n 3. Payment of money or transfer of a security held in the name of a broker or\n a financial institution or its nominee to a broker or financial institution\n for credit to an account in the name of a trust company, an adult other than\n the transferor, or the transferor if the beneficiary is other than the\n transferor, designated in substance “as custodial trustee for\n ____________________ (name of beneficiary) under the Virginia Uniform\n Custodial Trust Act”;\n\n 4. Registration of ownership of a life or endowment insurance policy or\n annuity contract with the issuer in the name of a trust company, an adult\n other than the transferor, or the transferor if the beneficiary is other than\n the transferor, designated in substance “as custodial trustee for\n ____________________ (name of beneficiary) under the Virginia Uniform\n Custodial Trust Act”;\n\n 5. Delivery of a written assignment to an adult other than the transferor or\n to a trust company whose name in the assignment is designated in substance by\n the words “as custodial trustee for ____________________ (name of\n beneficiary) under the Virginia Uniform Custodial Trust Act”;\n\n 6. Irrevocable exercise of power of appointment, pursuant to its terms, in\n favor of a trust company, an adult other than the donee of the power, or the\n donee who holds the power if the beneficiary is other than the donee, whose\n name in the appointment is designated in substance “as custodial trustee\n for ____________________ (name of beneficiary) under the Virginia Uniform\n Custodial Trust Act”;\n\n 7. Delivery of a written notification or assignment of a right to future\n payment under a contract to an obligor that transfers the right under the\n contract to a trust company, an adult other than the transferor, or the\n transferor if the beneficiary is other than the transferor, whose name in the\n notification or assignment is designated in substance “as custodial\n trustee for ____________________ (name of beneficiary) under the Virginia\n Uniform Custodial Trust Act”;\n\n 8. Execution, delivery, and recordation of a conveyance of an interest in real\n property in the name of a trust company, an adult other than the transferor,\n or the transferor if the beneficiary is other than the transferor, designated\n in substance “as custodial trustee for ____________________ (name of\n beneficiary) under the Virginia Uniform Custodial Trust Act”;\n\n 9. Issuance of a certificate of title by an agency of a state or of the United\n States that evidences title to tangible personal property (i) issued in the\n name of a trust company, an adult other than the transferor, or the transferor\n if the beneficiary is other than the transferor, designated in substance\n “as custodial trustee for ____________________(name of beneficiary)\n under the Virginia Uniform Custodial Trust Act,” or (ii) delivered to a\n trust company or an adult other than the transferor or endorsed by the\n transferor to that person, designated in substance “as custodial trustee\n for ____________________ (name of beneficiary) under the Virginia Uniform\n Custodial Trust Act”; or\n\n 10. Execution and delivery of an instrument of gift to a trust company or an\n adult other than the transferor, designated in substance “as custodial\n trustee for ____________________ (name of beneficiary) under the Virginia\n Uniform Custodial Trust Act.”\n\nHISTORY: 1990, c. 264, \u00a7 55-34.18; 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}}