{"data":{"id":"us-vt/14-v.s.a.-3216","jurisdiction":"us-vt","citation":"14 V.S.A. § 3216","heading":"Other transfer by fiduciary","body":"(a) Subject to subsection (c) of this section, 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 3219 of this title, in the absence of a will or under a will or trust that does not contain an authorization to do so.\n(b) Subject to subsection (c) of this section, a financial guardian may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor, pursuant to section 3219 of this title.\n(c) A transfer under subsection (a) or (b) of this section may be made only if:\n(1) the personal representative, trustee, or financial 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 $10,000.00 in value.","path":["Title 14: Decedents Estates and Fiduciary Relations","Chapter 115: Vermont Uniform Transfers to Minors Act"],"source_url":"https://legislature.vermont.gov/statutes/section/14/115/03216","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T17:16:59Z","sha256":"b982826974497aa4e2d5ca71111400940debf4b090113f79cacf554a5ac2a7c2","source_id":"us-vt","stale":false,"prev":"us-vt/14-v.s.a.-3215","next":"us-vt/14-v.s.a.-3217"},"notice":"GroundRules: Original legal text. Not legal advice."}