Title XXXI — TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY
11 chapters · 736 sections in this title.
§ 456.1125 RSMo Uniformity of application and construction
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456.1125. Uniformity of application and construction. — In applying and construing sections 456.970 to 456.1135, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. -------- (L. 2016 H.B. 1765)…
§ 456.1130 RSMo Relation to Electronic Signatures in Global and National Commerce Act
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456.1130. Relation to Electronic Signatures in Global and National Commerce Act. — Sections 456.970 to 456.1135 modify, limit, or supersede the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but do not modify, limit, or supersede Sectio…
§ 456.1135 RSMo Application to existing relationships
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456.1135. Application to existing relationships. — 1. Except as otherwise provided in sections 456.970 to 456.1135: (1) Sections 456.970 to 456.1135 shall apply to a power of appointment created before, on, or after August 28, 2016, and shall apply to a judicial proceeding concer…
§ 456.2 RSMo Role of court in administration of trust
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[Repealed or reserved.]
§ 456.3 RSMo Representation, basic effect — prohibited, when
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456.003. Absence of active duties not to curtail powers of trustee. — When the terms of an instrument creating a trust manifest intention that the trustee shall have the legal fee simple in land, the full legal ownership of an estate for years, or the absolute legal ownership of …
§ 456.4 RSMo Methods of creating trust
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[Repealed or reserved.]
§ 456.5 RSMo Rights of beneficiary's creditor or assignee, exceptions
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456.005. Life insurance trusts. — Proceeds of life insurance policies heretofore made payable to a trustee or trustees named as beneficiary or hereafter to be named beneficiary under an inter vivos trust shall be paid directly to the trustee or trustees and held and disposed of b…
§ 456.6 RSMo Capacity of settlor of revocable trust
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456.006. Health savings account, trust may be created, when. — 1. Where a trust or custodial account constitutes a health savings account, as defined under 26 U.S.C. Section 223(d)(1)*, a trust may be created by any of the following: (1) A transfer of moneys to the trustee or cus…
§ 456.7 RSMo Accepting or declining trusteeship
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456.007. Lessor, trustee of deposits by lessee, when — exception. — 1. Whenever any person, firm or corporation, engaged in the leasing of personal property, shall require a deposit or advance payment to be made by the lessee to bind the lessee to the performance of such contract…
§ 456.8 RSMo Duty to administer trust
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[Repealed or reserved.]
§ 456.950 RSMo Definition — property and interests in property, immunity from claims, when
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456.950. Definition — property and interests in property, immunity from claims, when — death of settlor, effect of — marital property rights, not affected by transfer — applicability. — 1. As used in this section, "qualified spousal trust" means a trust: (1) The settlors of which…
§ 456.970 RSMo Short title
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456.970. Short title. — Sections 456.970 to 456.1135 shall be known and may be cited as the "Missouri Uniform Powers of Appointment Act". -------- (L. 2016 H.B. 1765)
§ 456.975 RSMo Definitions
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456.975. Definitions. — As used in sections 456.970 to 456.1135 the following terms mean: (1) "Appointee", a person to which a powerholder makes an appointment of appointive property; (2) "Appointive property", the property or property interest subject to a power of appointment; …
§ 456.980 RSMo Governing Law — common law and principles of equity
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456.980. Governing Law — common law and principles of equity. — 1. The creation, revocation, or amendment of the power is governed by the law of the donor's domicile at the relevant time, and the exercise, release, or disclaimer of the power, or the revocation or amendment of the…
§ 456.985 RSMo Act to govern powers — exceptions
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456.985. Act to govern powers — exceptions. — 1. Except as otherwise provided in the terms of an instrument creating or exercising a power of appointment, sections 456.970 to 456.1135 govern powers of appointment. 2. The terms of an instrument creating or exercising a power of ap…
§ 456.990 RSMo Creations of power of appointment
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456.990. Creations of power of appointment. — 1. A power of appointment is created only if: (1) The instrument creating the power: (a) Is valid under applicable law; and (b) Except as otherwise provided in subsection 2 of this section transfers the appointive property; and (2) Th…
§ 456.995 RSMo Nontransferability
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456.995. Nontransferability. — 1. A powerholder may not transfer a power of appointment. 2. Except as provided in subsection 3 of this section, to the extent a powerholder dies without effectively disclaiming, exercising or releasing a power, the power lapses upon the death of th…