Valid  Durable Power of Attorney Template for Arkansas

Valid Durable Power of Attorney Template for Arkansas

A Durable Power of Attorney in Arkansas is a legal document that allows an individual to designate someone else to make decisions on their behalf, particularly in financial or medical matters, when they are unable to do so themselves. This form ensures that your wishes are honored even if you become incapacitated. Understanding its significance and proper execution is crucial for anyone looking to secure their future and protect their interests.

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The Arkansas Durable Power of Attorney form is a crucial legal document that allows individuals to designate someone they trust to make decisions on their behalf, particularly when they become incapacitated. This form is designed to ensure that your financial and personal affairs are managed according to your wishes, even if you are unable to communicate them yourself. It covers a wide range of powers, including managing bank accounts, paying bills, and making healthcare decisions. Importantly, the durable aspect of this power of attorney means that it remains in effect even if you become mentally incompetent. Completing this form requires careful consideration of whom you choose as your agent, as well as the specific powers you wish to grant them. Additionally, it is essential to understand the legal requirements for executing the document, such as notarization and witnessing, to ensure its validity. By preparing a Durable Power of Attorney, you can gain peace of mind knowing that your affairs will be handled according to your preferences, even in challenging circumstances.

Arkansas Durable Power of Attorney Sample

Arkansas Durable Power of Attorney

This Durable Power of Attorney is created in compliance with the laws of the State of Arkansas, specifically referencing Arkansas Code Annotated § 28-68-201 et seq.

Principal Information:

  • Name: ____________________________
  • City, State, Zip: ____________________________
  • Date of Birth: ____________________________

Agent Information:

  • Name: ____________________________
  • Address: ____________________________
  • City, State, Zip: ____________________________
  • Phone Number: ____________________________

Grant of General Authority:

I, the undersigned Principal, do hereby appoint the above-named Agent as my true and lawful attorney-in-fact. The Agent shall have the authority to act on my behalf in all matters necessary or desirable for managing my financial affairs, including but not limited to the following:

  1. Managing bank accounts and financial assets
  2. Buying, selling, and managing real estate
  3. Handling tax matters
  4. Engaging in business transactions

Durability of Power of Attorney:

This Power of Attorney shall not be affected by my subsequent disability or incapacity. It shall remain in effect until revoked by me in writing.

Signature:

In witness whereof, I have executed this Durable Power of Attorney on this _____ day of ____________, 20__.

Principal's Signature: ____________________________

Witness Information:

  • Witness Name: ____________________________
  • Witness Signature: ____________________________
  • Date: ____________________________

Notary Public:

Subscribed, sworn to, and acknowledged before me this _____ day of ____________, 20__.

My Commission Expires: ____________________________

Notary Public Signature: ____________________________

Key takeaways

Filling out and using the Arkansas Durable Power of Attorney form is an important step in planning for future decision-making. Here are some key takeaways to consider:

  • The form allows you to appoint someone you trust to make decisions on your behalf if you become unable to do so.
  • It is essential to choose an agent who understands your wishes and will act in your best interest.
  • The Durable Power of Attorney remains effective even if you become incapacitated, making it a valuable tool for long-term planning.
  • Be sure to clearly outline the powers you are granting to your agent to avoid confusion later.
  • In Arkansas, the form must be signed in the presence of a notary public to be valid.
  • Review the document periodically to ensure it still reflects your wishes and circumstances.
  • Keep copies of the completed form in a safe place and provide a copy to your agent and any relevant family members.