Modifies provisions relating to trusts

Summary

SB 1623 shortens the statute of limitations for claims involving fraudulent transfers and for actions against transfers to Missouri qualified self‑settled trusts with spendthrift provisions. It also repeals several existing trust‑related statutes and replaces them with new rules on trust registration, record‑keeping, confidentiality, and definitions. The changes aim to give creditors a clearer, shorter window to bring claims while tightening procedural rules for trusts.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share