When someone is in charge of a deceased person's estate, any interest money earned on the estate's debts belongs to the estate. That person cannot use the estate's money for personal reasons. If they do, they owe the estate back for any interest and lost money. A court checks on this at each financial report and can ask questions under oath.
473.550. Interest to be accounted for. — All interest received by or on debts due to the are in their hands. They shall not use the money of the decedent for their own private purposes. If they do so, they shall be to the for interest and any loss of . The section 473.337 of funds of the estate in the of a banking institution which is the sole or joint or may, however, be made in all cases in which such deposit would have been proper if such banking institution were not an executor or administrator of the estate. The court, at each , shall exercise an in making executors and administrators interest, and for that purpose may take or examine the executor or administrator on .
(RSMo 1939 §§ 222, 223, A.L. 1955 p. 385 § 196, A.L. 1971 S.B. 163)
Prior revisions: 1929 §§ 223, 224; 1919 §§ 222, 223; 1909 §§ 231, 232
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Related Missouri laws
Settlement docket, contents
RSMo 473.553
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RSMo 473.543
Notice of time for settlement
RSMo 473.557
Settlements required, when
RSMo 473.540
Failure to file settlement, citation
RSMo 473.560
Settlement after citation, penalty
RSMo 473.563
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.