 | Arkansas General Financial Power of Attorney Form |
The Arkansas general financial power of attorney form is a document that authorizes another person (your attorney in fact/agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself. The meaning of authority over subjects listed on this form is explained in the Uniform Power of Attorney Act, Arkansas Code Title 28, Chapter 68. (§ 28-68-301) This forma may be as limited or as broad as you would like it to be by simply adding information with regard to your true wishes on a separate sheet and adding them to this form. You may also strike language that you feel may not be befitting of your wishes with regard to your finances and/or property. The principal may revoke this document at any time by placing the it in writing and providing copies to all involved.
Step 1 – Begin by downloading the form and reviewing the information on page one that will address the definition of this particular power of attorney. As well it will address some of the more prominent definitions the principal needs to understand.
Step 2 – Delegation of Attorney in Fact – This section will assist the principal in delegating the preferred attorney in fact/agent. Provide the following information in the lines provided:
- Principal –
- Name of Principal
- Physical Address of Principal
- City
- State
- Attorney in Fact –
- Name of Attorney In Fact
- Physical Address
- City
- State
- Successor Attorney In Fact (In the event the original agent is unable or unwilling to carry out the decision making processes required by the principal)
- Name of Successor Attorney In Fact
- Physical Address
- City
- State
Step 3 – Terms and Conditions – The principal should read the next three paragraphs. If the principal agrees to all of he terms, provide the following:
- Printed name of principal
- Date the signature in dd/mm format
- Provide the Principal’s signature
- Attorney in Fact –
- Provide the printed name of the first Attorney In Fact
- Provide the signature of the first Attorney In Fact
- Provide the date in which the Attorney In Fact is signing the document
- Successor Attorney In Fact –
- Provide the printed name of the Successor Attorney In Fact
- Provide the signature of the Successor Attorney In Fact
- Provide the date in which the Successor Attorney In Fact is signing the document
Step 4 – Notarization – This document requires the acknowledgment of a notary public in order to be enforceable. Retain the services of a notary. Do not sign any of the rest of this form without a notary to acknowledge and affix their state seal to this document. Two adult witnesses, in addition to the mandatory notary, may also be present. All parties must provide the following:
- Attorney In Fact –
- Provide the printed name of the Attorney In Fact
- Provide the signature of the Attorney In Fact
- Provide the date in which the Attorney In Fact is signing the document
- Successor Attorney In Fact –
- Provide the printed name of the Successor Attorney In Fact
- Provide the signature of the Successor Attorney In Fact
- Provide the date in which the Successor Attorney In Fact is signing the document
- Two Witnesses (if any) –
- The witnesses should read the paragraph. Then provide:
- Each witness’ printed names would go into the blank lines at the top of that paragraph
- Signature of each witness at the bottom of the paragraph
Step 5 – The remainder of the form will be completed by the notary public. The notary will complete all of their information and then affix the state seal to the document.
- The notary will then hand the document(s) back to the principal
- Make copies to make available to all of those who have signed the document
- Make copies available to any institution in which you would like to be aware that you will have an attorney in fact handling your affairs and when those rights will begin, immediately or by providing a date or specified time in which the attorney in fact will begin handling your financial affairs for you.
