SB 70 Summary

• Repeals and replaces nine sections of Missouri law (402.199, 402.200, 402.205, 402.210, 402.215, 402.217, 402.220, 473.657, and 475.093) with twelve new sections to restructure the Missouri Family Trust.

• Creates a Missouri Family Trust Board of Trustees as a body corporate and instrumentality of the state, comprised of nine members appointed by the governor: three family members of persons with mental illness, three family members of persons with developmental disabilities, and three business experts.

• Establishes three types of trust accounts for individuals with disabilities: first-party trust accounts (funded with beneficiary's assets), third-party trust accounts (funded by others), and a charitable trust for individuals lacking family support.

• Provides that trust contributions shall not reduce or impair benefits to which beneficiaries are entitled by law, and requires state agencies to disregard trust accounts as resources when determining eligibility for assistance under chapter 208.

• Specifies distribution procedures upon beneficiary death, including payment of twenty-five percent of principal balance to the charitable trust and remainder to states for Medicaid reimbursement, with any remaining funds distributed to designated beneficiaries.