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Code · Iowa · Chapter 633A — Iowa Trust Code

633A.4706 Small distributions to minors — payment.

90 words·~1 min read·/ia/chapter-633a-iowa-trust-code/633a-4706·

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When a minor becomes entitled under the terms of the trust to a beneficial interest in the trust upon the distribution of the trust fund and the value of the interest does not exceed the sum of twenty-five thousand dollars, the trustee may pay the interest to a custodian under any uniform transfers to minors Act. Receipt by the custodian shall have the same force and effect as though payment had been made to a duly appointed and qualified conservator for the minor.
Uniform transfers to minors, see chapter 565B
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