Section 12.41 Custodial Agreement Checklist

• Library: Trusts and Powers 2013 Supp

A. (§12.41) Custodial Agreement Checklist

1. Authority for Separate Written Agreement

Section 404.550.12 of the Missouri Personal Custodian Law, §§ 404.400–404.650, RSMo 2000, provides that the powers, authorities, duties, and responsibilities of the personal custodian may be modified by the provisions of a written agreement between the custodial beneficiary and the personal custodian. Sections 404.420.2 and 404.430 provide that persons accepting property as personal custodian assume the obligation to administer the property in accordance with the law and any written agreement...