Updated on October 25th, 2021
A Missouri durable power of attorney is a form that grants an agent the ability to perform financial transactions on behalf of a principal (the person granting power). The financial authority the agent receives is outlined in the document and can be modified according to the principal’s needs. Generally, the agent is authorized to manage the principal’s investments, taxes, legal matters, insurance policies, and real estate, and is permitted to buy, sell, and donate property in the principal’s name.
This power of attorney is “durable” and does not terminate if the principal is incapacitated or disabled. As a result, the principal can be sure that their personal and financial interests will be cared for in any future event.
Agent’s Duties – § 404.714
Laws – §§ 404.700 – 404.737 (Durable Power of Attorney)
Signing Requirements (§ 404.705(1)(3)) – Notary Public
Statute – § 404.703(4)
“Durable power of attorney,” a written power of attorney in which the authority of the attorney in fact does not terminate in the event that the principal becomes disabled or incapacitated or in the event of the later uncertainty as to whether the principal is dead or alive…