Mo. Rev. Stat. ch. 469 – Disclaimers of Property | Midpage

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Revised Statutes of Missouri

Chapter 469

Mo. Rev. Stat. ch. 469

Disclaimers of Property

469.010General rule, effect of disclaimer 469.020Disclaimer, how and when made — delivery — right to disclaim 469.030Acceptance, how shown, preclusion of later disclaimer — who may accept or disclaim 469.040Revocable transfers 469.050Separate interests, disclaimers or acceptance 469.070Contingent interests 469.080Per stirpes transfers 469.090Special rules for interests under old transfers 469.100Special rule for persons attaining majority — transfers after 1976 469.110Chapter not exclusive 469.120Retroactive effect 469.240Definitions 469.250Payment or transfers to fiduciaries or at the direction of the fiduciary, effect on transferor 469.260Transfer of negotiable instrument by fiduciary 469.270Check drawn by fiduciary payable to third person 469.280Check drawn by and payable to fiduciary 469.290Deposit in name of fiduciary as such 469.300Deposit in name of principal 469.310Deposit in fiduciary's personal account 469.320Deposit in name of two or more trustees 469.330Cases not provided for in law 469.340Uniformity of interpretation 469.350Short title 469.401Definitions 469.402Applicability 469.403Disbursements to or between principal and income, fiduciary's responsibilities 469.405Adjustments between principal and income permitted by trustee, factors to be considered — no adjustment permitted, when 469.409Bar on claim of breach of fiduciary duty, when — applicable rules 469.411Determination of unitrust amount — definitions — exclusions to average net fair market value of assets — applicability of section to certain trusts — net income of trust to be unitrust amount, when 469.413Death of decedent or end of income interest, applicable rules 469.415Rights of beneficiaries to net income 469.417Beneficiary entitled to net income, when — asset subject to trust, when — income interest 469.419Trustee to allocate income receipt or disbursement, when 469.421Mandatory income interest, undistributed income, paid when 469.423Allocations by trustee — entity defined 469.425Allocations to income or principal 469.427Separate accounting records maintained, when, procedure 469.429Allocations to principal 469.431Rental property, allocation to income 469.432Interest allocated to income — amounts received from sale, redemption or disposition of an obligation to pay money to principal 469.433Life insurance proceeds allocated to principal — dividends allocated to income 469.435Insubstantial amounts may be allocated to principal, exceptions — presumption of insubstantial amount, when 469.437Distributions allocated as income, when — definitions — balance allocated to principal, when — effect of separate accounts or funds — marital deduction, effect of 469.439Ten percent of receipts from liquidating asset allocated to income, remainder to principal 469.441Allocation of interest in minerals or other natural resources — interest in water, allocation of 469.443Sale of timber and related products, allocation of net receipts 469.445Marital deduction, insufficient income, allowable actions 469.447Transactions in derivatives allocated to principal — options to sell or buy property allocated to principal 469.449Allocation of collateral financial assets and asset-backed securities 469.451Required disbursements from income 469.453Required disbursements from principal 469.455Depreciation not to be transferred 469.457Principal disbursement, permitted transfers 469.459Taxes to be paid from income or principal, when 469.461Adjustments between principal and income, when — estate tax marital deduction or charitable contributions, how handled 469.463Uniformity considered in application and construction 469.465Severability clause 469.467Applicability of sections 469.600Doctrine of worthier title and Rule in Bingham's case abolished, effect of language describing beneficiaries 469.900Citation of law — definitions 469.901Trustee duties, settlor may restrict or expand 469.902Trustee duties and powers — decisions to be evaluated in context of trust 469.903Diversification required, exception 469.904Trust assets, retention and disposition 469.905To whom duty owed 469.906Multiple beneficiaries, duty owed to whom 469.907Restriction on costs 469.908Prudent investor rule, standard 469.909Trustee powers, delegation — agent duties — liability of agent — agent submits to jurisdiction, when 469.910Trust terms and phrases, definition 469.911Applicability of certain sections 469.912Interpretation of certain sections 469.913Specific statutory standards to control