385.142 Use of custodial property.
168 words·~1 min read·
/ky/chapter-385/385-142A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A custodian may deliver or pay to the minor or expend for the minor's benefit so
much of the custodial property as the custodian considers advisable for the use and
benefit of the minor, without court order and without regard to:
(a)The duty or ability of the custodian personally or of any other person to
support the minor; or
(b)Any other income or property of the minor which may be applicable or
available for that purpose.
(2)On petition of an interested person or the minor if the minor has attained the age of
fourteen
(14)years, the court may order the custodian to deliver or pay to the minor
or expend for the minor's benefit so much of the custodial property as the court
considers advisable for the use and benefit of the minor.
(3)A delivery, payment, or expenditure under this section is in addition to, not in
substitution for, and does not affect any obligation of a person to support the minor.