Section 12.26 Liabilities of Custodian and Beneficiary
| Library | Trusts and Powers 2013 Supp |
H. (§12.26) Liabilities of Custodian and Beneficiary
Section 404.610.3, RSMo 2000, provides that a “beneficiary is not personally liable for an obligation arising from ownership of custodial property or for a tort committed during the personal custodianship unless the beneficiary is personally at fault.” This is not a spendthrift clause, and it does not insulate custodial property from obligations owing by the beneficiary in either tort or contract. A judgment against the beneficiary in tort or contract is...
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