Index--Trust and Estate Legislation

• Library: Trust and Estate Legislation 2012

Missouri

Trust and Estate

Legislation Update:

QSJTs, Decanting, UAGPPJA, and More

Index

References are to section numbers.

D

Decanting

generally, 40, 47, 63

Rule Against Perpetuities, 62

statute, 41–53

beneficiaries, 48

common-law right, 46, 51

fiduciary duty, 44

generally, 41

gifts, 50

limitations on trustee, 49, 51, 52

charitable trusts, 51

Crummey power, 52

ESBTs, 51

GRATs, 51

marital trusts, 51

QSSTs, 51

no duty to decant, 45

notice provision, 43

power of appointment, 49

spendthrift clause, 53

trustee’s authority, 42

tax considerations

estate tax, 54

gift tax, 60

GST (generation-skipping transfer) tax, 55

court-approved settlements, 57

discretionary powers of trustee, 56

judicial-construction orders, 58

other changes, 59

income tax, 61

distributable net income, 61

grantor trust implications, 61

sale or exchange, 61

F

Forms

QSJT, 32

asset split

all assets in separate shares, 34

joint property and separate property equally, 36

joint property equally, 35

intent language, 33

reserved powers

amend, 37

direct trustees, 39

exercise of, 38

revoke, 37

G

Guardianship changes

contents of petition, 85

public administrators, 86

M

Missouri Uniform Adult Guardianship and Protective Proceedings...