A Missouri General Power of Attorney Form is used to give the Attorney-in-Fact the broadest possible powers over the Principal’s finances. This includes writing checks, managing investments, depositing or withdrawing money from bank accounts and giving gifts on the Principal’s behalf. Regardless of the terms of this agreement, it cannot be used to give the Attorney-in-Fact the power to make decisions about the Principal’s medical care.
More than any other agreement, this one requires that the Principal choose their Attorney-in-Fact extremely carefully. This agreement gives the Attorney-in-Fact the most power, which can lead to accidents or even abuse. In addition, it also comes with a high level of responsibility, which some Agents may be unable to handle. If the Principal is unsure about their Attorney-in-Fact’s ability to manage this agreement, they may want to consider a Limited Power of Attorney agreement.