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5111 F3/page 1 of 2NORTHWESTERN SCHOOL CORPORATION CUSTODIAL STATEMENT AND AGREEMENT: THIRD PARTY CUSTODYThis agreement is prepared by the Superintendent of Public Instruction as required by I.C.

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How to fill out custodial statement and agreement

01

Start by downloading the custodial statement and agreement form.

02

Fill in your personal information such as full name, address, and contact details.

03

Provide details of the custodian including their name, address, and relationship to the minor.

04

Specify the terms of the custodianship including duration, responsibilities, and limitations.

05

Sign and date the form, and have the custodian do the same.

06

Make copies of the completed form for your records and the custodian's records.

Who needs custodial statement and agreement?

01

Any parent or legal guardian who is entrusting the care of their minor child to another individual or institution needs a custodial statement and agreement.

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What is custodial statement and agreement?

A custodial statement and agreement is a legal document that outlines the terms under which a custodian holds and manages assets or funds on behalf of another party, typically a minor or individual who is unable to manage their own assets.

Who is required to file custodial statement and agreement?

Generally, custodians who manage assets for minors or individuals unable to manage their own affairs are required to file custodial statements and agreements.

How to fill out custodial statement and agreement?

To fill out a custodial statement and agreement, the custodian must provide personal information about themselves and the minor, details about the assets or funds being managed, and sign the document to affirm the agreement.

What is the purpose of custodial statement and agreement?

The purpose of a custodial statement and agreement is to establish a formal arrangement that governs the management and safeguarding of assets held in a custodial capacity, ensuring accountability and legal protection.

What information must be reported on custodial statement and agreement?

Information that must be reported includes the names and addresses of the custodian and the beneficiary, details about the assets being held, and any specific terms or instructions regarding the management of those assets.

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