461.035. Agents may not make, revoke or change beneficiary unless document establishes agent's right or court order authorizes--authorized withdrawals may extinguish beneficiary's right to tra - Missouri Statutes

Agents may not make, revoke or change beneficiary unless documentestablishes agent's right or court order authorizes--authorizedwithdrawals may extinguish beneficiary's right to transfer.

461.035. 1. An attorney in fact, custodian, conservator or otheragent may not make, revoke or change a beneficiary designation unless thedocument establishing the agent's right to act, or a court order, expresslyauthorizes such action and such action complies with the terms of thegoverning instrument, the rules of the transferring entity and applicablelaw.

2. This section shall not prohibit the authorized withdrawal, sale,pledge or other present transfer of the property by an attorney in fact,custodian, conservator or other agent notwithstanding the fact that theeffect of the transaction may be to extinguish a beneficiary's right toreceive a transfer of the property at the death of the owner.

(L. 1995 S.B. 116)