Missouri Laws 456.8-810 – Record keeping and identification of trust property
Current as of: 2023 | Check for updates
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1. A trustee shall keep adequate records of the administration of the trust.
2. A trustee shall keep trust property separate from the trustee’s own property.
Terms Used In Missouri Laws 456.8-810
- 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
- Trustee: A person or institution holding and administering property in trust.
3. Except as otherwise provided in subsection 4 of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
4. If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.