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Home / Opinion Digests / Most Important Opinions / Trusts & Estates — UTMA – Custodian’s Withdrawals – Out-of-Pocket Expenses – Reimbursement – First Impression (access required)

Trusts & Estates — UTMA – Custodian’s Withdrawals – Out-of-Pocket Expenses – Reimbursement – First Impression (access required)

In re Alessandrini (Lawyers Weekly No. 15-07-0154, 10 pp.) (John Tyson, J.) Appealed from Rowan County Superior Court (Mark Klass, J.) N.C. App. Holding: The respondent-custodian paid his children’s expenses out of pocket and then reimbursed himself from their Uniform Transfers to Minors Act accounts. In a matter of first impression, the court finds no fault ...

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