An Arkansas Statutory Power of Attorney Form is made to permit another individual the right to make important decisions regarding financial aspects (including business-related questions) on behalf of another individual. The party with these powers is known as an agent. This form can be applied when the principal is in good health and it will also be applied even if the principal becomes incapacitated. For this reason, the principal must select the agent with great care to ensure that they genuinely act in the best interests of the principal.
To ensure the legitimization of an Arkansas Statutory Power of Attorney, you must ensure that any local signing requirements for the state are complied with. In Arkansas, the principal should sign the document in front of the notary public. The agent may also sign a separate document (although this is not compulsory) but if they choose to do so, their signature must also be notarized.
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