Durable Power of Attorney Form - Arkansas

The Durable Power of Attorney form in Arkansas allows an individual to appoint someone else to make financial and legal decisions on their behalf if they become unable to do so themselves. This form ensures that the person's interests are protected and their affairs are managed by a trusted individual.

In Arkansas, the person creating the durable power of attorney form is called the "principal" and they are the one who files the form.

FAQ

Q: What is a Durable Power of Attorney?
A: A Durable Power of Attorney is a legal document that allows someone else, known as an agent or attorney-in-fact, to make financial and legal decisions on your behalf if you become incapacitated.

Q: Why is it called 'durable'?
A: It is called 'durable' because the powers granted to the agent continue to be effective even if you become mentally or physically incapacitated.

Q: What types of decisions can the agent make?
A: The agent can make a wide range of decisions, including managing bank accounts, paying bills, filing taxes, buying or selling property, and making medical decisions.

Q: Do I need a lawyer to create a Durable Power of Attorney?
A: It is highly recommended to consult with a lawyer to ensure that your Durable Power of Attorney complies with Arkansas state laws and meets your specific needs.

Q: How do I revoke a Durable Power of Attorney?
A: To revoke a Durable Power of Attorney, you must sign a written document stating your intent to revoke and provide copies to all parties involved, including your agent and relevant institutions.