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If a person wants to authorise someone to act as a power of attorney on his behalf, it must be signed and notarised by a certified notary advocate, who is able to declare that you are competent at the time of signing the document to issue the said power of attorney.
What Are the Legal Requirements of a Financial POA in Arkansas?Mental Capacity for Creating a POA.Notarization Requirement.Create the POA Using a Statutory Form, Software, or Attorney.Sign the POA in the Presence of a Notary Public.Store the Original POA in a Safe Place.Give a Copy to Your Agent or Attorney-in-Fact.More items...
Yes. An agent under a POA must keep a record of all receipts, payments, disbursements, and transactions made on behalf of the principal.
The Act doesn't require a power of attorney to be notarized, but a court will presume the signature to be genuine if it is acknowledged before a Notary or an officer authorized to take acknowledgments.
The original POA should be filed at the circuit court in the principal's domicile county. Also, a certified copy of the POA should be filed at the office of recorder at the county where the real property is situated.