| SB 0573 | Modifies various provisions relating to the Missouri Family Trust |
| Sponsor: | Dougherty | |||
| LR Number: | 1645S.02I | Fiscal Note: | 1645-02 | |
| Committee: | Aging, Families, Mental & Public Health | |||
| Last Action: | 03/11/03 - Second Read and Referred S Aging, Families & Mental & | Journal page: | S457 | |
| Public Health Committee | ||||
| Title: | ||||
| Effective Date: | August 28, 2003 | |||
SB 573 - This act modifies various provisions of the Missouri Family Trust. New language allows the Missouri Family Trust to be used by residents of adjacent states.
Upon the death of a life beneficiary, the state of Missouri
will receive from the beneficiary's account the amount of total
medical assistance paid on behalf of the life beneficiary. If
there is any amount remaining in the account, then an amount
equal to 75% of the principal balance will be distributed to the
life beneficiary's heirs. If there are no heirs, the remaining
balance will be distributed to the charitable trust.
LORIE TOWE