This is a limited power of attorney for Arkansas. You specify the powers you desire to give to your agent. Sample powers are attached to the form for illustration only and should be deleted after you complete the form with the powers you desire. The form contains an acknowledgment in the event the form is to be recorded.
Limited Power Attorney With Two Agents
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Co-agents have equal decision-making abilities and if they are granted joint powers then they cannot act independently and must make all decisions together. This can create serious issues if they do not get along and have trouble reaching consistent agreements.
If power of attorney co-agents disagree on a financial decision and the principal is mentally competent and not physically incapacitated, then the principal's decision supersedes the representatives. The principal also has the authority to revoke an agent's authority.
A power of attorney can name one agent or it can require two or more agents to act together. If you are acting as a co-agent under a power of attorney, but you and your fellow agent disagree on a course of action or one party has stopped participating in decision making, what can you do?
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If you want to give a single, trusted person complete control over your finances and healthcare, you may decide a general POA is the best fit. You could give a power of attorney agent the power to handle this specific matter for you.Unless the document provides otherwise, each co-agent may exercise its authority independently. The agent — A principal can appoint more than one agent and have two co-agents, for example. Yes. You may appoint multiple Agents. You can appoint multiple agents. You should decide whether these agents must act jointly or separately in making decisions. Within a Power of Attorney, if you are the one granting authority to a representative, you are called the principal. You must sign your durable power of attorney in front of a notary or two witnesses. Unless you specify otherwise, co-agents must act jointly.