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   What are the duties of a trustee in Missouri?

   • Five Trustee Duties in Missouri… Five Trustee Duties in Missouri… The job of a trustee, generally speaking, is to administer the trust. A trustee, in fact, has a fiduciary duty to the beneficiaries of the trust. That means they must always act in the best interests of the trust beneficiaries.

   Five Trustee Duties in Missouri... • Legacy Law Missouri

   www.legacylawmissouri.com/five-trustee-duties-missouri/

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   How does a trust work in Missouri?

   • Like in any other state, a trust in Missouri works by letting a trustee hold and manage your assets according to your terms. However, you don’t simply give your assets directly to the trustee. The trust itself is an artificial entity, similar to a corporation, where you place your assets and which your trustee manages.

   Ultimate Guide to Trusts in Missouri | Shea Kohl Law, LC

   www.sheakohllaw.com/ultimate-guide-to-trusts-in-missouri/

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   What does it mean to serve as a trustee?

   • Serving as a trustee is the acceptance of another person’s faith in your ability to serve as a trustee. Always remember that. You were chosen for a reason. But you have a large responsibility to act in accordance with the trust terms and Missouri trust law.

   Five Trustee Duties in Missouri... • Legacy Law Missouri

   www.legacylawmissouri.com/five-trustee-duties-missouri/

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   Can a Missouri Trust hire a professional?

   • In the case where a trust lacks a provision allowing the hiring of professionals, the Missouri Trust Code does allow it under RSMo. 456.8-816 (d) (25). A trustee without the requisite expertise should not be completing and filing tax returns, making legal judgments on trust issues or investing trust funds.

   Five Trustee Duties in Missouri... • Legacy Law Missouri

   www.legacylawmissouri.com/five-trustee-duties-missouri/

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2. www.legacylawmissouri.com › five-trustee-dutiesFive Trustee Duties in Missouri… - Legacy Law Missouri

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   This article discusses five duties of trustees (not a complete list by the way) for trustees in Missouri: #1 A TRUSTEE MUST READ THE TRUST . A common answer to the question from a trustee asking “Can I do this?” is for the attorney to reply, “Well, what does the trust say?”

   • The Duties and Powers of a Trustee • Legacy Law Missouri

     Q: What are the basic responsibilities of the trustee? A:...

3. www.legacylawmissouri.com › duties-powers-trusteeThe Duties and Powers of a Trustee • Legacy Law Missouri

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   Feb 13, 2019 · Q: What are the basic responsibilities of the trustee? A: The trustee is to safeguard, collect, and manage trust assets. The trustee is to also file the trustor’s tax returns and pay any dues from the trust funds directly.

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5. www.schormannlaw.com › duties-of-a-trusteeDuties Of A Trustee in Missouri | Schormann Law Firm, LLC

   www.schormannlaw.com › duties-of-a-trustee

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   The trustee’s ongoing duties include: Proper management of the trust assets. This includes monitoring investments and making changes as needed. Collect income and dividends from assets and handle them as instructed, such as by disbursing them to beneficiaries or reinvesting them.

6. www.ak-stl.com › trustee-duties-and-liabilitiesTrustee Duties and Liabilities in Missouri | Ahearn Kershman, LLC

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   What Are the Duties of Trustees in Missouri? Being a trustee is a major responsibility, and it should not be taken lightly. A trustee has certain duties they must fulfill.

   • Location: 230 S Bemiston Ave, Suite 1005, Clayton, 63105, MO

   • Phone: (314) 373-7135

7. elsterlaw.com › missouri-law-blog › fiduciary-dutyFiduciary Duties of a Trustee - St Louis Attorney

   elsterlaw.com › missouri-law-blog › fiduciary-duty

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   Jan 10, 2024 · Specifically, the trustee has a duty to administer the trust according to the terms of the trust and Missouri law after acceptance. The trustee has a duty of loyalty and impartiality and must administer the trust for the sole benefit of the beneficiaries.

8. www.sheakohllaw.com › ultimate-guide-to-trusts-inUltimate Guide to Trusts in Missouri | Shea Kohl Law, LC

   www.sheakohllaw.com › ultimate-guide-to-trusts-in

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   How do trusts work in Missouri? Like in any other state, a trust in Missouri works by letting a trustee hold and manage your assets according to your terms. However, you don’t simply give your assets directly to the trustee.

9. www.lawserver.com › law › stateMissouri Laws > Chapter 456 – Trusts and Trustees - LawServer

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   Trustee: A person or institution holding and administering property in trust. United States: includes such district and territories. See Missouri Laws 1.020; Venue: The geographical location in which a case is tried.