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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>79169</law_id><section_number>64.2-1904</section_number><catch_line>Transfer authorized by will or trust</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>64.2-1906</reference><reference>64.2-1908</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="64.2">Wills, Trusts, and Fiduciaries</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Fiduciaries and Guardians</unit><unit label="part" level="3" order_by="1" identifier="C">Guardianship of Minor</unit><unit label="chapter" level="4" order_by="1" identifier="19">Virginia Uniform Transfers to Minors Act</unit></structure><text>
						<section><p>A <span class="dictionary">personal representative</span> or <span class="dictionary">trustee</span> may make an irrevocable <span class="dictionary">transfer</span> pursuant to &#xA7;&#xA0;<a class="law" title="Manner of creating custodial property and effecting transfer; designation of initial custodian; control" href="/64.2-1908/">64.2-1908</a> to a <span class="dictionary">custodian</span> for the benefit of a <span class="dictionary">minor</span> as authorized in the governing <span class="dictionary">will</span> or trust. If the testator or settlor has nominated a <span class="dictionary">custodian</span> under &#xA7;&#xA0;<a class="law" title="Nomination of custodian" href="/64.2-1902/">64.2-1902</a> to receive the <span class="dictionary">custodial property</span>, the <span class="dictionary">transfer</span> shall be made to that <span class="dictionary">person</span>.
		If the testator or settlor has not nominated a <span class="dictionary">custodian</span> under &#xA7;&#xA0;<a class="law" title="Nomination of custodian" href="/64.2-1902/">64.2-1902</a> or all <span class="dictionary">persons</span> so nominated as <span class="dictionary">custodian</span> die before the <span class="dictionary">transfer</span> or are unable, decline, or are ineligible to serve, the <span class="dictionary">personal representative</span> or the <span class="dictionary">trustee</span> shall designate the <span class="dictionary">custodian</span> from among those eligible to serve as <span class="dictionary">custodian</span> for property of that kind under subsection A of &#xA7;&#xA0;<a class="law" title="Manner of creating custodial property and effecting transfer; designation of initial custodian; control" href="/64.2-1908/">64.2-1908</a>.</p></section></text><history>1988, c. 516, &#xA7; 31-41; 2012, c. 614.</history><metadata></metadata></law>
