Section 3.19 To Insure Trust Property and Trust Beneficiaries
| Library | Trusts and Powers 2013 Supp |
11. (§3.19) To Insure Trust Property and Trust Beneficiaries
Section 456.8-816(11), RSMo Supp. 2005, provides the trustee with specific powers to “insure the property of the trust against damage or loss and insure the trustee, the trustee’s agents, and beneficiaries against liability arising from the administration of the trust.” This section allows the trustee to implement the duty to protect the trust property. The trustee may also insure against liability arising from breach of trust.
The trustee is...
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