An Arkansas durable statutory power of attorney form allows for a person to let someone else take care of all financial-related responsibilities. The “durable” functionality allows a person to still be able to make monetary transactions even if the principal should fall into a state of mental incapacity. The document must be authorized with at least two (2) witnesses, although it is highly recommended to be done with a notary public. It should be noted that the power of attorney may only be canceled if a new power of attorney document is created, if a revocation form is executed, or upon the death of the principal.
Laws – A.C.A. Tit. 28, Subtit. 5, Ch. 68, Subch. 1
Signing Requirements (A.C.A. § 28-68-105) – Must be signed in presence of notary public.
Definition – A.C.A. § 28-68-102