Modifies the "Principal and Income Act" to resemble the latest version of the "Uniform Fiduciary Income and Principal Act"

HB 608 updates Missouri's "Principal and Income Act" to align with the Uniform Fiduciary Income and Principal Act, specifically governing "endowed care trusts" used by cemeteries to fund long-term maintenance. It directly affects cemetery operators, requiring them to manage these funds through Missouri-based trusts with strict rules: records must stay in-state, trustees cannot adjust trust rates or convert between trust types, and funds cannot be invested in insurance. The bill mandates that cemetery operators use annual income for maintenance only (not other purposes), keeps principal intact, and prohibits trust termination or jurisdiction changes outside Missouri. These changes ensure cemetery maintenance funds are protected and administered consistently under Missouri law.