Wisconsin Statutes (Last Updated: January 10, 2017) |
Chapter 54. Guardianships And Conservatorships |
SubChapter VII. UNIFORM GUARDIANSHIP ACTS |
Section 54.866. Transfer by obligor.
Latest version.
- (1) Subject to subs. (2) and (3) , a person not subject to s. 54.862 or 54.864 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor under s. 54.870 .(2) If a person having the right to do so under s. 54.858 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.(3) If no custodian has been nominated under s. 54.858 , or all persons so nominated as custodian die before the transfer or are unable, decline or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in value.