A Missouri durable power of attorney form is used to allow a representative (known as the ‘”attorney-in-fact”) to act on the behalf of another individual (the principal) in financial matters, such as running their business, signing legal documents, paying bills, filing taxes, and managing assets. Usually, a spouse, relative, or close friend is chosen to be the principal’s attorney-in-fact.
In Missouri, the agreement becomes void upon divorce if a spouse is chosen. A secondary agent should be named to ensure that the principal’s interests will be represented in the event of their incapacitation.
Durable definition – § 404.703(4)
Laws – § 404.705
Signing Requirements (§ 404.705(3)) – Notary Public