38-1707. Transfer in absence of will or trust.
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/ks/chapter-38/38-1707A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
38-1707. Transfer in absence of will or trust.
(a)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 K.S.A. 38-1710 , and amendments thereto, in the absence of a will or under a will or trust that does not contain an authorization to do so.
(b)Subject to subsection (c), a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to K.S.A. 38-1710 , and amendments thereto.
(c)A transfer under subsection
(a)or
(b)may be made only if:
(1)The personal representative, trustee or conservator considers the transfer to be in the best interest of the minor;
(2)the transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement or other governing instrument; and
(3)the transfer is authorized by the court if such transfer exceeds $25,000 in value.