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Arkansas Power of Attorney

An Arkansas Power of Attorney (PoA) is a legal document that grants a selected person the authority to handle legal and financial matters on your behalf, such as signing contracts, accessing accounts, and buying or selling property.

The person giving control is called the "principal," while the people or organizations receiving powers are called the "agents." Suitable for Arkansas residents, our Power of Attorney is made for use in Washington County, Pulaski County, Benton County, and in all other parts of the state. All Arkansas Power of Attorney forms from Rocket Lawyer can be completely personalized for your unique scenario. This official document provides confirmation to financial institutions and other parties that your chosen agent(s) can legally sign documents or take other actions for you.

It is simple and easy to assign or receive the support you need with a free Arkansas Power of Attorney template from Rocket Lawyer:

1. Make your PoA - Answer a few general questions and we will do the rest
2. Send or share - Discuss the document with your agent or seek legal advice
3. Sign and make it legal - Optional or not, notarization/witnesses are a best practice

This route is often much more affordable than meeting and hiring a traditional lawyer. If needed, you can start this PoA on behalf of your spouse, an elderly parent, or another family member, and then have them sign when ready. Please note that for a Power of Attorney to be legally valid, the principal must be mentally competent at the time of signing. In the event that the principal has already been declared legally incompetent, a conservatorship might be necessary. When facing this situation, it's best to talk to an attorney.

Everyone over 18 years old should have a Power of Attorney. Though it can be painful to think about, there might come a day when you are not able to sort out your day-to-day affairs by yourself. There will also be times when you are merely not available. Here are a few typical situations in which power of attorney might be useful:

• You currently live in a care facility and want help managing financial affairs
• You are preparing to travel or move out of state either temporarily or permanently
• You wish to give someone power to handle certain legal or financial issues in your absence or if you are not well
• You are aging or dealing with limited mobility or ongoing health issues

Whether this Arkansas Power of Attorney is being drafted as part of a forward-looking plan or created as a result of an unexpected issue, notarization and witnesses are highly encouraged for protecting your document if anyone challenges its validity.

There are multiple ways to classify Power of Attorney documents. They are largely dependent on when the powers come into effect, how long they are in effect, and what they grant authority over. Frequently, you may see them organized into the four segments below:

• General Power of Attorney - Grants a broad scope of authority over your affairs
• Special Power of Attorney - Grants limited authority over selected affairs
• Durable Power of Attorney - Remains valid even if you become incapacitated or mentally incompetent
• Springing Power of Attorney - Is activated based on certain criteria

When drafting your free Arkansas Power of Attorney with Rocket Lawyer, you may decide to have the agent's authority start on a precise date, upon signing, or only at the point when you're not capable. Your Power of Attorney can terminate either upon your death or on a specific date.

Arkansas Power of Attorney forms are typically straightforward; however, you or your agent(s) could still have questions. Having a professional review the document might take a long time on your own. An alternate approach would be through attorney services at Rocket Lawyer. Rocket Lawyer members are able to request feedback from an experienced attorney or get answers to additional questions. As always, you can live confidently with Rocket Lawyer by your side.

The fees associated with finding and hiring a lawyer to generate a Power of Attorney could add up to between two hundred and five hundred dollars. Rocket Lawyer offers much more than other Power of Attorney template providers that you might find elsewhere. As a Rocket Lawyer member, you can get up to a 40% discount when hiring an attorney.

Alongside your Power of Attorney, you will discover a checklist of directions for what to do next. With a Premium membership, you can edit it, print it out, or sign it. Finally, you will need to provide a final copy of the signed document to your agent(s) and financial institutions.

The laws for PoA forms vary by state; however, in Arkansas, your Power of Attorney must be signed by a notary public. If your agent will engage in real estate transactions, the Power of Attorney will need to be signed before a notary public and recorded or filed with your county.

See Arkansas Power of Attorney law: Title 28, Subtitle 5, Ch. 68