Like with Limitation Periods for Breach of Trust, the overhaul of the Missouri Uniform Trust Code also shed light on the precise limitations period in which a person may commence a judicial proceeding to contest the validity of a trust that was revocable at the settlor’s/trust-maker’s death. Generally, under Section 456.6-604, a person must commence…
Legal Articles
Limitations Periods for Breach of Trust
With the adoption of much of the Uniform Trust Code in Missouri, several areas of law trust law and litigation because more clear, including the time limitations periods for a beneficiary to commence an action for breach of trust against a trustee. Many of the limitations periods for claims in Missouri generally are five (5)…
Waiver of Statute of Limitations
Statutes of limitations provide a certain period of time in which a plaintiff must file a lawsuit. If the claim/lawsuit is not filed within the period, then it is barred. The specific time period depends on the type of claim. For instance, actions upon contracts are subject to a five (5) year statute of limitations….