A court can set up a special trust account to help manage money for a person who needs protection (called a protectee). Up to 25% of the money in the account may go to a charitable trust, and the court can still decide this arrangement is in the protectee's best interest even with that deduction.
475.093. Court may authorize participation in family . — 1. If the court finds that the of a trust would be in the 's best interest, the court may authorize the establishment of a for the of a protectee sections 402.199 to 402.208, if it finds that the protectee qualifies as a pursuant to (1) of section 402.200, or the court may authorize the establishment of such trust for the benefit of a protectee pursuant to section 475.092.
2. A trust account established pursuant to sections 402.199 to 402.208 be in the best interest of the protectee, the fact that a sum not exceeding twenty-five percent of the as defined in subdivision (9) of section 402.200 will be to the of the Missouri family trust as prescribed by section 402.203.
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Source & history notes
(L. 1996 S.B. 768, A.L. 1998 S.B. 852 & 913, A.L. 1999 S.B. 211 merged with S.B. 386, A.L. 2011 S.B. 70)
Related Missouri laws
Conservator, authorized exercise of powers
RSMo 475.094
Protective arrangements and single transactions, court's powers
RSMo 475.092
Court's powers, estates or affairs of minors or disabled persons
RSMo 475.091
Conservator of the estate of nonresident minors and disabled persons
RSMo 475.095
Conservator or guardian ad litem
RSMo 475.097
Bond of conservator of estate of minor or disabled person
RSMo 475.100
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.