If the court determines under chapter 475 that full administration of an incapacitated person's estate is not required, the court may designate and direct that all or a part of the property owned by the incapacitated person be transferred to any adult person or financial institution, including a court appointed conservator or guardian, to hold and administer under sections 404.400 to 404.650 as personal custodian for the incapacitated beneficiary, with or without bond and with or without court supervision, upon such terms and conditions as the court may require.
Mo. Rev. Stat. § 404.510
Court's designation of custodian, when — who may serve, court's powers
Known as the Missouri Transfers to Minors Law
The act spans §§ 404–404 (89 sections).
Effective: 28 Aug 1986; (L. 1986 S.B. 651 § 4 subsec. 7)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.