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New York Nomination of Custodian

Category:
New York Family Law - Minors - Custodial Trust Act
State:
New York
Control #:
NY-02301
Format:
Word; 
Rich Text
Instant download
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Description

This form, a Nomination of Custodian, can be easily completed or adapted to fit your circumstances. A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to receive the property for a minor beneficiary upon the occurrence of the event. The nomination may name one or more persons as substitute custodians to whom the property must be transferred, in the order named, if the first nominated custodian dies before the transfer or is unable, declines or is ineligible to serve. The nomination may be made in a will, a trust, a deed, an instrument exercising a power of appointment or in a writing designating a beneficiary of contractual rights which is registered with or delivered to the payor, issuer or other obligor of the contractual rights.

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