#BUSINESS TRANSACTION ATTORNEY ARKANSAS CODE#

When you accept the authority granted under this power of attorney, a special legal relationship is created between you and the principal. This document was acknowledged before me on _,

Name of Nominee for guardian of my person:_Īny person, including my agent, may rely upon the validity of this power of attorney or a copy of it unless that person knows it has terminated or is invalid. Name of Nominee for guardian of my estate:_ If it becomes necessary for a court to appoint a guardian of my estate or guardian of my person, I nominate the following person(s) for appointment: This power of attorney is effective immediately unless I have stated otherwise in the Special Instructions. You may give special instructions on the following lines: (_) Exercise fiduciary powers that the principal has authority to delegateĪn agent that is not my ancestor, spouse, or descendant MAY NOT use my property to benefit the agent or a person to whom the agent owes an obligation of support unless I have included that authority in the Special Instructions. (_) Waive the principal's right to be a beneficiary of a joint and survivor annuity, including a survivor benefit under a retirement plan (_) Authorize another person to exercise the authority granted under this power of attorney (_) Create or change a beneficiary designation (_) Create or change rights of survivorship (_) Make a gift, subject to the limitations of § 28-68-217 of the Uniform Power of Attorney Act and any special instructions in this power of attorney (_) Amend, revoke, or terminate an inter vivos trust INITIAL ONLY the specific authority you WANT to give your agent.) (CAUTION: Granting any of the following will give your agent the authority to take actions that could significantly reduce your property or change how your property is distributed at your death. My agent MAY NOT do any of the following specific acts for me UNLESS I have INITIALED the specific authority listed below: (_) Benefits from Governmental Programs or Civil or Military Service (_) Estates, Trusts, and Other Beneficial Interests (_) Banks and Other Financial Institutions If you wish to grant general authority over all of the subjects you may initial 'All Preceding Subjects' instead of initialing each subject.) (INITIAL each subject you want to include in the agent's general authority.

#BUSINESS TRANSACTION ATTORNEY ARKANSAS CODE#

I grant my agent and any successor agent general authority to act for me with respect to the following subjects as defined in the Uniform Power of Attorney Act, Arkansas Code Title 28, Chapter 68: Second Successor Agent's Telephone Number: _ If my successor agent is unable or unwilling to act for me, I name as my second successor agent: If my agent is unable or unwilling to act for me, I name as my successor agent: If you have questions about the power of attorney or the authority you are granting to your agent, you should seek legal advice before signing this form.Īgent's Telephone Number:_ĭESIGNATION OF SUCCESSOR AGENT(S) (OPTIONAL) This power of attorney becomes effective immediately unless you state otherwise in the Special Instructions. You may also name a second successor agent. If your agent is unable or unwilling to act for you, your power of attorney will end unless you have named a successor agent. Coagents are not required to act together unless you include that requirement in the Special Instructions.

If you wish to name more than one agent you may name a coagent in the Special Instructions.

This form provides for designation of one agent. Your agent is entitled to reasonable compensation unless you state otherwise in the Special Instructions. Unless you specify otherwise, generally the agent's authority will continue until you die or revoke the power of attorney or the agent resigns or is unable to act for you. You should select someone you trust to serve as your agent. This power of attorney does not authorize the agent to make health-care decisions for you. 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. 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. This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). A document substantially in the following form may be used to create a statutory form power of attorney that has the meaning and effect prescribed by this chapter.ĪRKANSAS STATUTORY FORM POWER OF ATTORNEY

Business transaction attorney arkansas