Not all Missouri residents are well familiar with the rules of creation and the structure of the durable power of attorney. For this reason, to help them out, we provide high-end templates of this type of proxy for free. The downloadable customized samples are available in convenient e-document formats, including .pdf and .docx.
Identify the Participants of the Contract
The first thing you must do is indicate the grantor’s full name and every detail of their residential address. Sometimes, it is also needed to specify the date of birth of the principal.
After that, enter the designated attorney-in-fact’s legal name, along with their current mailing address, in detail.
Besides that, the declarant must decide when their durable POA comes into force. That is when the chosen private attorney will have to assume their liability and authority to act in the name of the grantor. The effective date of a Missouri durable power of attorney form might be named when the proxy was signed or when the owner of a durable POA became incapacitated or unavailable.
Determine the Scope of Powers Granted
By its essence, a durable proxy presents the selected agent with the legal right to handle and control monetary assets and financial savings of the declarant. This way, the designated private attorney is allowed to take control over the next money-related aspects of the grantor’s life:
- Banking accounts
- Safe-deposit box
- Estate planning
- Money investments
- Social security benefits
- Pension plans
- Taxes
- Insurance
- Personal property
- Legal advice and litigations
- Charity and gifts, etc.
Besides, the POA creator can expand or restrict some of the powers granted to their agent or provide additional instructions and directions to follow.
Sign and Notarize the Proxy
Before signing, the proxy form must be carefully read through. Then, the signing starts with the declarant, who, besides their signature, should also add the date of signing the document. Bear in mind that the grantor must sign the durable power of attorney form in Missouri before a state notary.
The section that comes after that is designed specifically for the notary public to deal with, as they usually witness the declarant signing the paperwork. Hence, the notary will confirm the authenticity of the location, participants, and date. Besides that, a state notary will also indicate all the necessary credentials and seal the proxy, this way notarizing it.
The following part of this blank will require the chosen private attorney’s attention, as they will have to provide their legal name in the paragraph listing their duties and powers. Thus, the agent should acknowledge their readiness to accept the responsibility and authority over the grantor’s finances and property. Below, there is an area where the allocated agent must put their signature, verifying the POA arrangement as well.