New Hampshire Revised Statutes 463-A:6 – Other Transfer by Fiduciary
Current as of: 2023 | Check for updates
|
Other versions
I. Subject to paragraph III, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to N.H. Rev. Stat. § 463-A:9, in the absence of a will or under a will or trust that does not contain an authorization to do so.
II. Subject to paragraph III, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to N.H. Rev. Stat. § 463-A:9.
III. A transfer under paragraph I or II may be made only if:
(a) The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor;
(b) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and
(c) The transfer is less than or equal to $10,000 in value; otherwise a guardianship over the estate of the minor shall be required by the probate court pursuant to RSA 463, unless otherwise ordered by the court.
II. Subject to paragraph III, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to N.H. Rev. Stat. § 463-A:9.
Terms Used In New Hampshire Revised Statutes 463-A:6
- Probate: Proving a will
- Trustee: A person or institution holding and administering property in trust.
III. A transfer under paragraph I or II may be made only if:
(a) The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor;
(b) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and
(c) The transfer is less than or equal to $10,000 in value; otherwise a guardianship over the estate of the minor shall be required by the probate court pursuant to RSA 463, unless otherwise ordered by the court.