Section 11.27 Expenses, Compensation, and Bond of Custodian

• Library: Trusts and Powers 2013 Supp

E. (§11.27) Expenses, Compensation, and Bond of Custodian

A custodian is entitled to reimbursement from custodial funds for expenses reasonably incurred in administering the custodianship. Section 404.054.1, RSMo 2000. This would include operational expenses for money expended to maintain custodial property, such as repair work performed, insurance, taxes, and safe deposit box fees, and administrative expenses incurred in handling the custodianship, such as bank service fees, attorney fees, tax return preparation fees, and bookkeeping costs. Depending on the size of the custodianship and...