Arkansas power of attorney forms enable residents of the state to nominate a representative, or agent, to act on their behalf in a variety of circumstances. The chosen individual need not be an actual attorney, just a trusted individual over the age of 18 who is responsible enough to manage finances, make healthcare decisions, care for children, or perform any other function the principal (individual assigning power of attorney) cannot carry out due to incapacity or unavailability. The type of form will determine whether the authority extends beyond the principal’s loss of capacity just as it will define the task(s) for which the agent is being assigned.
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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. A durable power of attorney document must be authorized by at least two witnesses, although it is…
