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Washington Declaration of Guardian: Assets Held in Financial Institutions (DCLR)

Category:
Washington Statewide - Guardianship
State:
Washington
Control #:
WA-SKU-2536
Format:
Word
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Description

Declaration of Guardian: Assets Held in Financial Institutions (DCLR) The Washington Declaration of Guardian: Assets Held in Financial Institutions (CLR) is a document created by the Washington State Department of Financial Institutions (DFI). It allows a guardian to manage assets held by a financial institution on behalf of a minor or an incapacitated adult. The document outlines the responsibilities of the guardian and the institution, and also outlines the terms of a custodial account. There are two types of CLR: the Revocable CLR and the Irrevocable CLR. The Revocable CLR allows the guardian to manage the assets and to make or revoke changes to the account during the guardianship. The Irrevocable CLR requires the guardian to maintain the assets according to the terms of the document, and any changes must be approved by the court. Both types of CLR require the guardian to provide regular account statements to the court and to the ward.

The Washington Declaration of Guardian: Assets Held in Financial Institutions (CLR) is a document created by the Washington State Department of Financial Institutions (DFI). It allows a guardian to manage assets held by a financial institution on behalf of a minor or an incapacitated adult. The document outlines the responsibilities of the guardian and the institution, and also outlines the terms of a custodial account. There are two types of CLR: the Revocable CLR and the Irrevocable CLR. The Revocable CLR allows the guardian to manage the assets and to make or revoke changes to the account during the guardianship. The Irrevocable CLR requires the guardian to maintain the assets according to the terms of the document, and any changes must be approved by the court. Both types of CLR require the guardian to provide regular account statements to the court and to the ward.

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Washington Declaration of Guardian: Assets Held in Financial Institutions (DCLR)
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