Share Legal Arkansas Power Of Attorney Forms For Free

The power of attorney document gives someone the authority to act on your behalf on matters you list in the document. The power can be specific to a certain task or cover many duties, including financial and medical.

Durable power of attorney The designation can be used for a general or limited power of attorney. For most people, the best option is to have a general durable power of attorney because it gives your agent broad powers that will remain in effect if you lose the ability to handle your own finances.

'Power Of Attorney' is an authority given by an instrument by one person, called as the donor or principal, authorising another person, called donee or agent to act on his behalf. There may be possibility of giving 'Power Of Attorney' by two or more persons jointly to one or more persons.

8 Points to Keep in Mind when Giving Power of Attorney First and foremost, understand the difference between Letter of Authority and Power of Attorney. ... Ensure that the Power of Attorney is duly registered, and the stamp duty prescribed by the state where the POA is executed has been paid.

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

The Act doesn't require a power of attorney to be notarized, but a court will presume the signature to be genuine if it is acknowledged before a Notary or an officer authorized to take acknowledgments. Amends Title 28, Chapter 68, of the Arkansas Code.