Uniform Custodial Trust Act

Virginia Declaration of Trust - Uniform Custodial Trust Act
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This is a sample form for use in Virginia matters involving trusts, a Declaration of Trust - Uniform Custodial Trust Act. Under § 55-34.2 of the Virginia Uniform Custodial Trust Act, a person may create a custodial trust of property by a written declaration, evidenced by registration of the property if the property is of a type subject to registration, or by other instrument of declaration executed in any lawful manner, describing the property and naming as beneficiary an individual other than the declarant, in which the declarant as titleholder is designated, in substance, as custodial trustee under this chapter. A registration or other declaration of trust for the sole benefit of the declarant is not a custodial trust under this chapter.

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Can you withdraw money from a custodial account?

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Can a trustee withhold money from a beneficiary?

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