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Living Trust as the Successor Custodian (UTMA)

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Question: 
Can the custodian of an Oklahoma UTMA account name a Living Trust as the Successor Custodian of the UTMA?
Answer: 

No. Under Oklahoma law at 58 OSC 1210 and 1219, a custodian must be an adult person or a trust company. A trust would not qualify.

First published on 01/03/2016

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