A minor's distribution plan must contain the following:
A copy of any custodial order or guardianship order from a court of competent jurisdiction;
A list of the amounts, purposes, and dates for which disbursements will be made;
The name(s) of the person(s) to whom disbursements may be made, including, as applicable:
A custodial parent;
A legal guardian;
The person who has been recognized by the BIA as having control and custody of the minor and the address of that person;
An emancipated minor; and/or
Any third parties and the address(es) of the third parties to whom the direct payment will be made for goods or services provided to the minor and supported by an invoice or bill of sale, where applicable;
The date that the disbursement plan was approved and the expiration date of the distribution plan; and
The date and signature of the BIA official approving the plan with a certification that the plan is in the best interest of the account holder.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.