Idaho § 68-1306 - Multiple beneficiaries - Separate custodial trusts - Survivorship
Full text of Idaho Idaho Statutes § 68-1306 — Multiple beneficiaries - Separate custodial trusts - Survivorship, with citation guidance and answers to common questions.
§ 68-1306. Multiple beneficiaries - Separate custodial trusts - Survivorship
(1) Beneficial interests in a custodial trust created for multiple beneficiaries are deemed to be separate custodial trusts of equal undivided interests for each beneficiary. Except in a transfer or declaration for use and benefit of husband and wife, for whom survivorship is presumed, a right of survivorship does not exist unless the instrument creating the custodial trust specifically provides for survivorship or survivorship is required as to community or marital property.
(2) Custodial trust property held under this chapter by the same custodial trustee for the use and benefit of the same beneficiary may be administered as a single custodial trust.
(3) A custodial trustee of custodial trust property held for more than one (1) beneficiary shall separately account to each beneficiary pursuant to sections 68-1307 and 68-1315 , Idaho Code, for the administration of the custodial trust.
[68-1306, added 1989, ch. 230, sec. 1, p. 550.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 68-1306
What does Idaho Statutes § 68-1306 cover?
Section 68-1306 ("Multiple beneficiaries - Separate custodial trusts - Survivorship") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 68-1306?
A common citation format is "Idaho Statutes § 68-1306" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 68-1306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.