A beneficiary designation, under a written instrument or law, that authorizes a transfer of property pursuant to a written designation of beneficiary, transfers the right to receive the property to the designated beneficiary who survives, effective on death of the owner, if the beneficiary designation is executed and delivered in proper form to the transferring entity prior to the death of the owner.
Mo. Rev. Stat. § 461.021
Beneficiary designation under written instrument or law, effect
Known as the Nonprobate Transfers Law
The act spans §§ 461.001 to 461.300 (34 sections).
Effective: 28 Aug 1995; (L. 1989 H.B. 145 § 23, A.L. 1995 S.B. 116)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.