Missouri Laws 469.907 – Restriction on costs
Current as of: 2023 | Check for updates
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Terms Used In Missouri Laws 469.907
- 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.
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.