The Arkansas Durable (Financial) Power of Attorney passes on special privileges from one individual to another to allow the receiver to act as the principal party in certain situations. This form is specific to cases involving the transferor’s funds/assets and enables them to specify each power they wish to convey. This may seem very similar to the General Power of Attorney, but the difference lies in the fact that this document remains in effect even if the principal becomes mentally impaired. Upon entering all the requested data and making the necessary selections, the person appointing the powers must provide their signature pursuant to the state’s law.
Definitions – “Durable” with respect to a power of attorney, means not terminated by the principal’s incapacity ( § 28-68-102(2) ).
Signing Requirements – The assignor/principal is required to sign the POA in front of a notary public or another qualified party who has the ability to certify the form ( § 28-68-105 ).
Revocation – § 28-68-110
Arkansas Law Help Version
Advance Directive (Living Will & Medical POA)
