Effective - 28 Aug 1995
461.045. Lineal descendant substitutes. — 1. Whenever a person designated as beneficiary of a nonprobate transfer is a lineal descendant of the owner, and the beneficiary is deceased at the time the beneficiary designation is made or does not survive the owner, or is treated as not surviving the owner, the nonsurviving beneficiary's share shall belong to that beneficiary's lineal descendants per stirpes who survive the owner, to take in place of and in substitution for the nonsurviving beneficiary, the same as the beneficiary would have taken if the beneficiary had survived. This subsection shall not apply to a beneficiary designation with the notation "no LDPS" after a beneficiary's name or other words negating an intention to direct the transfer to the lineal descendant substitutes of a nonsurviving beneficiary.
2. A beneficiary designation may provide that the share of any beneficiary not related to the owner as provided in subsection 1 of this section, and who does not survive the owner, shall belong to that beneficiary's lineal descendants per stirpes who survive the owner, by including after the name of the beneficiary the words "and lineal descendants per stirpes" or the abbreviation "LDPS".
3. Lineal descendants, taking as substitutes for a beneficiary of a nonprobate transfer, if they are of the same degree of kinship to the nonsurviving beneficiary, share equally, but if they are of unequal degree, then those of more remote degree take the share of their parent by representation.
4. Whenever a nonprobate transfer is to be made to a beneficiary's lineal descendants per stirpes, the property shall belong to such lineal descendants of the beneficiary who survive the owner, and in such proportions, as would result if the survivors were inheriting personal property of the beneficiary under the laws of Missouri and the beneficiary had died at the time of the owner's death, intestate, unmarried, domiciled in Missouri and possessed of such property.
5. Whenever a beneficiary of a nonprobate transfer does not survive the owner and the beneficiary is a person for whom the beneficiary's surviving lineal descendants take as substitutes under subsection 1 or 2 of this section, if there are no lineal descendants of the beneficiary who survive the owner, the beneficiary's share shall belong to the surviving beneficiaries, or to the owner's estate, as would be the case if transfer to the beneficiary's lineal descendants were not required to be considered.
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(L. 1989 H.B. 145 § 32, A.L. 1995 S.B. 116)
Structure Missouri Revised Statutes
Title XXXI - Trusts and Estates of Decedents and Persons Under Disability
Chapter 461 - Nonprobate Transfers Law
Section 461.001 - Transfers on death, certain provisions deemed nontestamentary, exceptions.
Section 461.003 - Law, how cited.
Section 461.005 - Definitions.
Section 461.012 - Nonprobate transfers subject to agreement of transferring entity, when.
Section 461.014 - Transferring entity, obligation resulting from acceptance and registration.
Section 461.021 - Beneficiary designation under written instrument or law, effect.
Section 461.023 - Assignments effective on death of owner — delivery, effect.
Section 461.025 - Deeds effective on death of owner — recording, effect.
Section 461.026 - Procedure to transfer tangible personal property to take effect on death of owner.
Section 461.033 - Revocation or change of beneficiaries designation.
Section 461.042 - Survival required.
Section 461.045 - Lineal descendant substitutes.
Section 461.062 - Nonprobate transfer rules.
Section 461.065 - Transferring entity, protection.
Section 461.071 - Rights of creditors.
Section 461.073 - Scope and application of law.
Section 461.076 - Jurisdiction of probate division of circuit court.
Section 461.081 - Nonprobate transfer laws to be effective when — prior transfers to be valid.