Terminating a custodial trust

Ind. Code § 30-2-8.6-19
in effect
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Sec. 19. (a) Except as provided in subsection (b), a transferor may not terminate a custodial trust. (b) A custodial trust may be terminated by the beneficiary if the beneficiary is not incapacitated. In order to terminate the trust, the beneficiary must deliver to the custodial trustee a writing that: (1) is signed by the beneficiary; and (2) declares the termination of the custodial trust. (c) If not previously terminated, a custodial trust terminates on the death of the beneficiary. As added by P.L.3-2003, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/30Fetched: 10/17/2026

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