Arkansas General Power of Attorney for Property
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How to fill out General Power Of Attorney For Property?
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FAQ
Things to Include In POA For PropertyGrantor Details- The name, age, address and occupation of the person who grants the power (Grantor) should be mentioned first.Attorney Details- The name, age, father's name, address and occupation of the person to whom the power is granted (Attorney) should be described next.More items...
A General Power of Attorney can only be used with regard to your property and financial affairs. It cannot be used to authorise someone to make decisions concerning your personal welfare (this is not the case with a Lasting Power of Attorney, Health & Welfare).
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.
Signing Requirements (§ 20-6-103(c)) Two (2) witnesses or a notary public. Durable (Statutory) Power of Attorney Allows the principal to designate a trusted person to handle his or her financial and other interests as specified even if he or she becomes incapacitated and can no longer make decisions for themselves.
How to Get Power of Attorney in ArkansasThe Arkansas POA document must list the: full contact information and signature of the principal. name and contact information of the agent(s) date the agreement is made. powers granted.A notary public must be present and acknowledge the principal's signature.
Yes. An agent under a POA must keep a record of all receipts, payments, disbursements, and transactions made on behalf of the principal.
When to make a lasting power of attorney Anyone can make an LPA in case they ever lose mental capacity. You should also make an LPA if you have been diagnosed with, or think you might develop, an illness which might prevent you from making decisions for yourself at some time in the future.
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.