Missouri Revised Statutes
Chapter 402 - Trust Funds for Disabled Persons
Section 402.199 - Declaration of policy — contributions to Missouri family trust not to adversely impact other benefits of beneficiaries.

Effective - 28 Aug 2011
402.199. Declaration of policy — contributions to Missouri family trust not to adversely impact other benefits of beneficiaries. — 1. The general assembly hereby finds and declares the following:
(1) It is an essential function of state government to provide basic support and services for certain persons with disabilities;
(2) Many persons with disabilities lack financial resources and must rely upon the government to provide services and support; and
(3) It is in the best interest of the state and is necessary and desirable for the public health, safety, and welfare to encourage, enhance and foster the ability of individuals with disabilities who reside in Missouri or who reside in one of the eight states adjacent to Missouri, and in the best interests of their families and friends to supplement, but not replace, the services and support provided by state government and other governmental programs.
2. In light of the findings and declarations described in subsection 1 of this section, the general assembly hereby declares that contributions to a trust account administered as part of the Missouri family trust by the Missouri family trust board of trustees as authorized in sections 402.199 to 402.208, shall in no way reduce, impair, or diminish the benefits to which the beneficiary of the trust account is otherwise entitled by law, nor shall the administration of the Missouri family trust or any trust account therein be taken into consideration in determining appropriations for programs or services for persons with disabilities, and unless otherwise prohibited by federal statutes or regulations, all state agencies shall disregard the trust account as a resource when determining the eligibility of a resident for assistance under chapter 208.
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(L. 1991 S.B. 311, A.L. 1993 H.B. 136 merged with S.B. 338, A.L. 1999 S.B. 211, A.L. 2004 H.B. 923, A.L. 2011 S.B. 70)

Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXVI - Trade and Commerce

Chapter 402 - Trust Funds for Disabled Persons

Section 402.130 - Definitions.

Section 402.132 - Charitable purposes of the institution and fund to be considered — good faith required — authority of the institution.

Section 402.134 - Appropriation for expenditure or accumulation of endowment fund, amount permitted — factors to consider.

Section 402.136 - Delegation of management and investment, when — requirements of the institution.

Section 402.138 - Release or modification of restrictions permitted, when.

Section 402.140 - Applicability.

Section 402.142 - Federal acts, effect of.

Section 402.144 - Compliance, determined when.

Section 402.146 - Uniformity of law to be considered in application of law.

Section 402.148 - Governing boards and directors, law not to amend duties and liabilities of.

Section 402.199 - Declaration of policy — contributions to Missouri family trust not to adversely impact other benefits of beneficiaries.

Section 402.200 - Definitions.

Section 402.201 - Board of trustees created, members, expenses — accounting of funds required — assets not state moneys — immunity from liability, when.

Section 402.202 - Trust accounts, restricted trust accounts, charitable trust — administered as Missouri family trust — pooling permitted — additional board powers.

Section 402.203 - Contribution of assets, by whom — trust account to be created — cotrustees and successors — breach of fiduciary duty, effect of — death of beneficiary, procedure — remainder distribution.

Section 402.204 - Settlor may contribute assets — trust account created — cotrustees and successors — breach of fiduciary duty, effect of — death of beneficiary, procedure — remainder distribution.

Section 402.205 - Withdrawal from trust account, when — revocation or termination of trust, when, distribution — trust principal and income held for benefit of beneficiary.

Section 402.206 - First and third party trusts, account held and administered, how.

Section 402.207 - Charitable trust established, when.

Section 402.208 - Fees authorized — periodic reports — no property interest in trust account, when.