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Custodians Under Uniform Transfers to Minors Act |
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The practice with respect to custodians under the Pennsylvania Uniform Transfers to Minors Act (PEF Code §§5301-5310) is virtually the same as for trustees. A custodian is appointed by the donor of the gift, is subject to removal by the Court, and, in the event of death or legal incapacity with no successor otherwise designated, will be succeeded by a person designated in accordance with PEF Code. |
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