Chapter 12 Missouri Personal Custodian Law

Index

Section 12.1 Nature of Personal Custodianship
Section 12.2 History of Development
Section 12.3 Uniform Custodial Trust Act
Section 12.4 Relationship to Transfers to Minors Law
Section 12.5 Relationship to Durable Power of Attorney
Section 12.6 Uses of Personal Custodian Law
Section 12.7 Tailoring to Meet Client Needs
Section 12.8 Creation of Custodianship—Generally
Section 12.9 Effect of Creating Personal Custodianship
Section 12.10 Persons Who May Create a Personal Custodianship
Section 12.11 Kinds of Property That May Be Transferred
Section 12.12 Manner of Making the Transfer
Section 12.13 Qualifications of Custodians
Section 12.14 Manner of Making a Future Transfer
Section 12.15 Revocation
Section 12.16 Scope and Application of Law
Section 12.17 State Law That Governs
Section 12.18 Tax Consequences
Section 12.19 Single and Multiple Beneficiaries
Section 12.20 Collection
Section 12.21 Investment and Management
Section 12.22 Expenditures for Beneficiary
Section 12.23 Expenses, Compensation, and Bond of Custodian
Section 12.24 Record Keeping, Accounting, and Limitations
Section 12.25 Immunities and Protection for Third Persons
Section 12.26 Liabilities of Custodian and Beneficiary
Section 12.27 Resignation and Removal of Personal Custodian
Section 12.28 Termination by Beneficiary Under the Missouri Personal Custodian Law
Section 12.29 Termination on Death of Beneficiary Under the Missouri Personal Custodian Law
Section 12.30 Termination Under the Uniform Custodial Trust Act
Section 12.31 Termination by Court
Section 12.32 Jurisdiction and Procedure
Section 12.33 Actions Relating to Administration of Custodianship
Section 12.34 Actions by or Against Custodial Beneficiary or Custodian
Section 12.35 Accounting to Satisfy Creditor Claims
Section 12.36 Uniform Custodial Trust Act
Section 12.37 Missouri Personal Custodian Law
Section 12.38 National Conference of Commissioners on Uniform State Laws Comments for Uniform Custodial Trust Act
Section 12.39 Cross-References for Uniform Custodial Trust Act and Missouri Personal Custodian Law Sections
Section 12.40 Practice Suggestions and Forms
Section 12.41 Custodial Agreement Checklist
Section 12.42 Distribution to Custodian Under Will or Trust
Section 12.43 Distribution to Custodian Under Stockbroker’s Transfer-on-Death Program
Section 12.44 Distribution to Custodian Under Employee Benefit Plans
Section 12.45 Beneficiary Designations Under Benefit Plans or Insurance
Section 12.46 Opinion on Abstract
Section 12.47 Provisions in Durable Power of Attorney
Section 12.48 Transfer-on-Death Direction to Custodian
Section 12.49 Custodian’s Rules for Making Beneficiary Designations Under an Adult Custodianship
Section 12.50 Instructions for Making Beneficiary Designations for Custodianship Property
Section 12.51 Distribution Rules Summary for Custodianship Beneficiary Designations
Section 12.52 Example of Durable Power of Attorney
Section 12.53 Example of Agreement With Custodian
Section 12.54 Drafting Committee Comments to § 404.550, RSMo 1989