The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of:

(1) The minor’s attainment of 21 years of age with respect to custodial property transferred under N.C. Gen. Stat. § 33A-4 or N.C. Gen. Stat. § 33A-5, except that any transferor may have custodial property transferred to the minor at any time after the age of 18 and before the age of 21 by a designation in the following words or their equivalent:  “The custodian shall transfer this property to _______  (name of minor) when he reaches the age of ___ (age after 18 and before 21).”;

will 560x170

Ask a will, trust or estate question, get an answer ASAP!
Thousands of highly rated, verified estate & trust lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In North Carolina General Statutes 33A-20

  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3

(2) The minor’s attainment of age 18 with respect to custodial property transferred under N.C. Gen. Stat. § 33A-6 or N.C. Gen. Stat. § 33A-7; or

(3) The minor’s death. (1987, c. 563, s. 2.)

  Previous section
Next section  
 Chapter 33A Contents