469.451. Required disbursements from income. - Missouri Statutes

Required disbursements from income.

469.451. A trustee shall make the following disbursements from incometo the extent that they are not disbursements to which paragraph (b) or (c)of subdivision (2) of section 469.413 applies:

(1) One-half of the regular compensation of the trustee and of anyperson providing investment advisory or custodial services to the trustee;

(2) One-half of all expenses for accountings, judicial proceedings,or other matters that involve both the income and remainder interests;

(3) All of the other ordinary expenses incurred in connection withthe administration, management or preservation of trust property and thedistribution of income, including interest, ordinary repairs, regularlyrecurring taxes assessed against principal, and expenses of a proceeding orother matter that concerns primarily the income interest; and

(4) Recurring premiums on insurance covering the loss of a principalasset or the loss of income from or use of the asset.

(L. 2001 H.B. 241)