Probate & Trust Law
HB 144 / SB 196 – Private trust companies and ADR clauses. Allows private trust companies to be
examined every 36 months and makes alternative dispute provisions in trusts
enforceable. In scope only as to certain sections. Oppose mandatory
alternative dispute resolution. Support Supreme Court Rule 17.
HB 447 / SB 100 – Exemption for inherited IRAs and HSAs. Adds interest in health savings plans
and inherited accounts to the list of exemptions in bankruptcy proceedings.
*** Drafted by The Missouri Bar Probate & Trust Law Committee and
approved by the Missouri Bar Board of Governors as Bar-drafted legislation.
SB 405 – Funeral trusts. Excludes
money placed in an irrevocable personal funeral trust from being considered as
an asset when determining eligibility for public assistance.