- Introduced -

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