The South Carolina Custodian Agreement is a legal document that outlines the terms and conditions between a custodian and a beneficiary regarding the management and protection of assets. This agreement sets forth the responsibilities, rights, and obligations of the custodian and beneficiary in South Carolina. One type of South Carolina Custodian Agreement is the Uniform Transfers to Minors Act (TMA) Custodian Agreement. Under this agreement, a custodian is designated to manage and protect assets on behalf of a minor beneficiary until they reach a specified age (typically 18 or 21). The custodian has the duty to exercise sound judgment in managing the assets and using them for the minor's benefit, such as education expenses or medical needs. Another type of South Carolina Custodian Agreement is the Uniform Gifts to Minors Act (UGA) Custodian Agreement. Similar to the TMA, this agreement allows a custodian to hold and manage assets for a minor beneficiary. However, the UGA sets the age of the termination of the custodianship at 18. Keywords: South Carolina, Custodian Agreement, legal document, assets, management, protection, responsibilities, rights, obligations, Uniform Transfers to Minors Act, TMA, Uniform Gifts to Minors Act, UGA, custodian, beneficiary, minor, termination, education expenses, medical needs.
South Carolina Custodian Agreement
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How to fill out South Carolina Custodian Agreement?
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