A Missouri limited power of attorney is an arrangement whereby an individual (called the “principal”) gives a third party (the “attorney-in-fact”) certain authorities to act on their behalf. The attorney-in-fact will only be able to act in the principal’s name for the purposes defined in the document and for a limited term. These types of arrangements are often used to appoint financial agents to transfer funds, manage investments, and complete payments on the principal’s behalf. In most cases, the power of attorney will expire automatically when the authorized actions have been completed or the termination date is reached.
Signing Requirements (§ 404.705(3)) – Notary Public