Missouri Power Of Attorney With Two Agents

State:
Missouri
Control #:
MO-P003B
Format:
Word; 
Rich Text
Instant download

Description

The Missouri Power of Attorney with Two Agents is a legal document that allows an individual, known as the declarant, to appoint two agents to act on their behalf for specific decisions or transactions. This form is particularly useful in situations where redundancy is essential, ensuring that if one agent is unavailable, the other can still act effectively. Users must complete the form with the necessary details, including the names and addresses of both agents, and sign it in the presence of a notary public for it to be valid. It is important to provide clear written instructions outlining the scope of the agents' powers to avoid confusion. This form can be beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who assist clients in estate planning and decision-making processes. It clarifies the delegation of authority and protects the interests of the declarant. By having two agents, it enhances decision-making flexibility and provides a safeguard against potential conflicts. Additionally, the form is vital in addressing healthcare directives and financial matters, making it an essential tool for comprehensive legal planning.

How to fill out Missouri Revocation Of General Durable Power Of Attorney?

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FAQ

Powers of Attorney by Two or More PersonsA power of attorney may be executed by two or more persons jointly in favour of one or more persons and when there are several persons as attorneys a complete authorisation in letter to be given by one of them for acting severally.

You will need to send OPG a written statement called a 'partial deed of revocation'. If you want to add another attorney you need to end your LPA and make a new one.

You can appoint just 1 attorney, or more than 1 attorney, to act: "jointly" they must always make decisions together. "jointly and severally" they have to make some decisions together and some individually.

If power of attorney co-agents disagree on a financial decision and the principal is mentally competent and not physically incapacitated, then the principal's decision supersedes the representatives. The principal also has the authority to revoke an agent's authority.

The principal may create multiple durable powers of attorney, and the principal may appoint more than one attorney-in-fact in a durable power of attorney. A durable power of attorney may provide that multiple attorneys-in-fact shall act jointly or that they may act separately.

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Missouri Power Of Attorney With Two Agents