RSA 463-A:6 · Other Transfer by Fiduciary

463-A:6 Other Transfer by Fiduciary. –
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 RSA 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 RSA 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.
Source. 1985, 197:1. 2005, 68:1, eff. July 22, 2005.