Missouri General Power of Attorney
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Missouri Power of Attorney is a legally binding agreement that gives an individual the authority to act in your place in financial matters. The individual you select to act in your place will become known as the “Attorney in Fact” or “Agent”. You should only select someone that you trust. The appointed Attorney in Fact will be legally permitted to act on your behalf in matters specified by you (the “Principal”), like paying your bills or managing your finances.
To execute your Power of Attorney, you must sign it in front of a Notary Public and two witnesses (your agent may not serve as a witness).
Once signed and certified by you and the Notary Public, you should make a copy and give it to your agent or agents, and keep the original document in a safe space.
You can also deliver a copy to financial institutions or other places that your agent may need to work with on your behalf.
You can select anyone who you trust with your affairs to serve as your Agent, with some exceptions under Missouri state law. The following individuals may not serve as Agents under a Power of Attorney in Missouri:
Anyone connected with a facility licensed by the Missouri Department of Mental Health or Missouri Department of Social Services, in which the principal resides, unless that person is closely related to the principal
Anyone under 18, or judicially determined to be incapacitated or disabled, or habitually intoxicated
Anyone who is the attending physician of the principal, and no one who is connected with the health care facility in which the principal is a patient, unless the person is closely related to the principal.
General Power of Attorney: Can be used to authorize your Agent to handle a variety of financial matters on your behalf (i.e., investments, real estate, payments, etc.)
Limited or Special Power of Attorney: It can be used to authorize your Agent to act on your behalf only in the matters that you specify in the document. (e.g., to complete a specific real estate transaction for a property while you are traveling).
If you wish to create a “Durable Power of Attorney,” Missouri law requires you to include the following statement in your Power of Attorney:
“This is a durable power of attorney and the authority of my attorney-in-fact shall not terminate if I become disabled or incapacitated or in the event of later uncertainty as to whether I am dead or alive.”
Under Missouri law, you can create a general power of attorney that grants your Agent broad authority to carry out your financial affairs on your behalf. However, there are certain powers that Missouri requires you to specify in writing in your Power of Attorney in order to grant them to your Agent:
Execute, amend, or revoke any trust agreement;
Fund with the Principal’s assets any trust not created by the Principal;
Make or revoke a gift of the Principal’s property in trust or otherwise;
Disclaim a gift or devise of property to or for the benefit of the Principal,
To create or change survivorship interests in the Principal’s property;
To designate or change the designation of beneficiaries to receive any property, benefit or contract right on the Principal’s death;
To give or withhold consent to an autopsy or postmortem examination;To make a gift of, or decline to make a gift of, the Principal’s body party under the Uniform Anatomical Gift Act;
To nominate a guardian or conservator for the Principal; and if so stated in the Power of Attorney, the Agent may nominate themselves
To give consent to or prohibit any type of health care, medical care, treatment or procedure; or
To designate one or more substitute or successful or additional Agents.
Make, publish, declaire, amend or revoke a will for the Principal;
Make, execute, modify, or revoke a living will declaration for the Principal;
Require the Principal, against his or her will, to take any action or to refrain from taking any action; or
Carry out any actions specifically forbidden by the Principal while not under a disability or incapacity.
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