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Edit, sign, and share custodial statement and agreement third party custody form online. When a third party is granted custody of a child, their rights resemble those of a biological or natural parent.The purpose of this paper is to explain: (1) legal terms for situations when a non-parent wants to be awarded custody of a child;. Case No. THIRD PARTY CUSTODIAN AGREEMENT. Retirement and health benefit accounts typically include a custodial agreement to allow a professional third party to administer a plan. Thirdparty custody describes when a family court grants someone other than biological parent custody of a child. Who currently has custody of the children? To your knowledge, list who has legal and physical custody of each child. Domestic Relations Branch. Thirdparty provider begins shifting phase five clients to fullservice collateral model.