Missouri Laws 404.500 – Acceptance of additional property by custodian, court approval required, ..
Current as of: 2023 | Check for updates
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Terms Used In Missouri Laws 404.500
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Property: includes real and personal property. See Missouri Laws 1.020
When a personal custodianship has been established for a beneficiary, the court may authorize the personal custodian to accept and receive into the personal custodianship any additional property that belongs to a beneficiary who is or has become incapacitated, with or without bond and with or without court supervision, upon such terms and conditions as the court may require.