Complete Legal Arkansas Personal Planning Forms For Free

Valid Wills Anyone can make a will, as long as they are at least 18 years old and of sound mind. This means that a court or other agency has not declared you incompetent and that you have the legal ability to understand your choices.

Steps for Making a Financial Power of Attorney in Arkansas Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Land Records Office.

An Arkansas durable statutory power of attorney form allows for a person to let someone else take care of all their financial responsibilities. A ?durable? functionality allows a person to still be able to make monetary transactions even if the principal falls into a state of mental incapacity.

Notarization Requirement While Arkansas does not technically require you to get your POA notarized, notarization is very strongly recommended. Under Arkansas law, when you sign your POA in the presence of a notary public, your signature is presumed to be genuine?meaning your POA is more ironclad.

Estate Plan Drafting The cost of creating a will in Arkansas typically ranges from $250 to $850. A trust in Arkansas, on the other hand, can cost between $900 and $2950. At Snug, any member can create a Power of Attorney and Health Care Directive for free. A Will costs $195 and a Trust costs $500.

The difference has to do with whether the powers remain effective after the onset of a disability. That is, the regular power of attorney ceases to be effective if you become disabled, whereas the ?durable? power of attorney continues to be effective despite your subsequent disability.