When something in a dead person's estate is about to be damaged, lost, or drop in value, the person in charge of the estate can spend money right away to stop that from happening. Later, the court can approve that spending and allow more spending if needed. Money spent this way counts as a normal cost of running the estate.
473.297. Expenditures for preservation of property. — When any property of an is in such condition as to be in of loss or destruction or loss in value, the or may make such expenditures as are reasonably and prudently required to avoid such loss, destruction, or loss in value until he can obtain of the matter by the court, and on approval of the court such expenditures shall be allowed as . The court may by authorize such further expenditures to prevent loss, destruction or loss in value as the interest of the estate requires, and shall allow them as expenses of administration.
(RSMo 1939 §§ 102, 103, A.L. 1955 p. 385 § 116)
Prior revisions: 1929 §§ 102, 103; 1919 §§ 101, 102; 1909 §§ 109, 110
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Related Missouri laws
Continuation of business of decedent
RSMo 473.300
Disposition of valueless or encumbered property
RSMo 473.293
Specific execution of contract of decedent
RSMo 473.303
Payment of debt of decedent secured by property of another
RSMo 473.290
Notice
RSMo 473.307
Encumbered property to be redeemed, when
RSMo 473.287
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.