When a person under a guardianship or conservatorship already owns certain shared property — like US savings bonds with another person's name on them, a joint bank account, or real estate owned together with someone else — that property stays as it is. The law is recognizing these kinds of shared ownership arrangements that the protected person set up before or during their guardianship.
475.322. Use of multiple- accounts and joint property. — When a :
(1) Purchased United States in , payable to himself and another or the survivor, or in , payable to himself during his lifetime and to another upon his death;
(2) Deposited funds in a in the name of himself and any one or more other persons, and in form to be paid to any one or more of them, or the survivor or survivors of them, or in an account payable to himself during his lifetime and upon his death to another, or in an account in his own name upon for another; or
(3) Owns in or ;
Tap any gold-underlined word to see what it means.
Source & history notes
(L. 1983 S.B. 44 & 45)
Related Missouri laws
Death of protectee, distribution of estate
RSMo 475.320
Escheat of minor's estate, when
RSMo 475.325
Receipt by protectee, successor or others, discharge
RSMo 475.315
Conservatorship dispensed with, when
RSMo 475.330
Estate delivered by resident conservator to foreign guardian or conservator, when
RSMo 475.310
Payment and delivery to foreign guardian or conservator
RSMo 475.335
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.