Missouri Laws 469.906 – Multiple beneficiaries, duty owed to whom
Current as of: 2023 | Check for updates
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Terms Used In Missouri Laws 469.906
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trustee: A person or institution holding and administering property in trust.
If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.