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Estates and Trusts

University of Missouri School of Law

Faculty Publications

Series

1996

Articles 1 - 1 of 1

Full-Text Articles in Law

Survey Results: Use Of Durable Powers, David M. English Jan 1996

Survey Results: Use Of Durable Powers, David M. English

Faculty Publications

The use of durable powers of attorney (DPA) has developed rapidly over the last decade. This growth reflects the public's desire for a simple and effective method of planning for possible incapacity. Although there are other planning tools, individuals frequently prefer the DPA. It is more comprehensive and provides greater certainty of result than does a joint bank account. A DPA is much easier to create than a revocable trust. By using a DPA, one can avoid an intrusive and possibly cumbersome guardianship or conservatorship proceeding.