Section 3.56 Costs of Administration

• Library: Trusts and Powers 2013 Supp

F. (§3.56) Costs of Administration

Section 456.8-805, RSMo Supp. 2005, provides that a trustee
may incur only costs “that are reasonable in relation to the trust property, the purposes of the trust, and the skills of the trustee.” This section is similar to and consistent with § 469.907, RSMo Supp. 2005, of the Missouri Prudent Investor Act, §§ 469.900–469.913, RSMo Supp. 2005. This duty applies when a trustee makes...