{"data":{"id":"us-pa/20-pa.c.s.-5306","jurisdiction":"us-pa","citation":"20 Pa.C.S. § 5306","heading":"Other transfer by fiduciary.","body":"(a) Irrevocable transfer by personal representative or trustee.--Subject to subsection (c), 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 section 5309 (relating to manner of creating custodial property and effecting transfer) in the absence of a will or under a will or trust that does not contain an authorization to do so.\n(b) Irrevocable transfer by guardian.--Subject to subsection (c), a guardian may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to section 5309.\n(c) Additional requirements for transfer.--A transfer under subsection (a) or (b) may be made only if:\n(1) the personal representative, trustee or guardian considers the transfer to be in the best interest of the minor;\n(2) the transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement or other governing instrument; and\n(3) the transfer is authorized by the court if it exceeds $25,000 in value.","path":["Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES","CHAPTER 53 PENNSYLVANIA UNIFORM TRANSFERS TO MINORS ACT"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=20\u0026div=0\u0026chpt=53\u0026sctn=6\u0026subsctn=0","current_through":"2026-03-18 (Statute Update stamp, 20 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:33Z","sha256":"0b96a08d139c8ca0a8e3cbb822fb6a978e5677370fedf1a42a7d51a0cdfb29de","source_id":"us-pa","stale":false,"prev":"us-pa/20-pa.c.s.-5305","next":"us-pa/20-pa.c.s.-5307"},"notice":"GroundRules: Original legal text. Not legal advice."}