In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
Mo. Rev. Stat. § 469.907
Restriction on costs
Known as the Uniform Fiduciaries Law
The act spans §§ 469–469 (73 sections).
Effective: 28 Aug 2004; (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.