Power of Attorney - Arkansas

Power of Attorney is a legal document that was released by the Arkansas Department of Finance & Administration - a government authority operating within Arkansas.

FAQ

Q: What is a Power of Attorney?A: A Power of Attorney is a legal document that allows one person (the agent or attorney-in-fact) to act on behalf of another person (the principal) in legal or financial matters.

Q: Why would someone need a Power of Attorney?A: Someone may need a Power of Attorney if they are unable to handle their own legal or financial affairs due to illness, disability, or absence.

Q: Do I need a lawyer to create a Power of Attorney in Arkansas?A: It is recommended to consult with a lawyer to ensure that the Power of Attorney document complies with Arkansas laws and meets your specific needs, but it is not required.

Q: What types of Power of Attorney are recognized in Arkansas?A: Arkansas recognizes General Power of Attorney, Limited Power of Attorney, Durable Power of Attorney, and Springing Power of Attorney.

Q: When does a Power of Attorney become effective in Arkansas?A: A Power of Attorney can become effective immediately or upon a specific event, as stated in the document. However, a Durable Power of Attorney remains effective even if the principal becomes incapacitated.

Q: Can a Power of Attorney be revoked or modified in Arkansas?A: Yes, a Power of Attorney can be revoked or modified in Arkansas as long as the principal is mentally competent to do so. The revocation or modification should be in writing and signed in the presence of a notary public.

Q: Can a Power of Attorney be used for healthcare decisions in Arkansas?A: Yes, Arkansas recognizes a separate document called an Advance Directive for Healthcare which allows individuals to appoint a healthcare proxy to make medical decisions on their behalf.

Q: Are there any limitations to a Power of Attorney in Arkansas?A: Yes, some limitations include the inability to make decisions after the principal's death, the inability to make or change beneficiary designations, and the requirement to act in the best interest of the principal.