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Arkansas General (Financial) Power of Attorney

An Arkansas general power of attorney (GPOA) gives financial decision-making powers to an agent the principal chooses. The agent will be required to manage the principal's affairs in their best interest. Under a GPOA, the form becomes void if the principal becomes incapacitated (Dementia, Alzheimer's Disease, etc.).
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Updated August 19, 2024

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Laws

  • Durable – A power of attorney is durable unless it expressly provides that it is terminated by the incapacity of the principal.[1]
  • Incapacity – Means the inability of a person to manage their property or business affairs because of an impairment, is missing, detained (incarcerated), or is outside the United States and is unable to return.[2]
  • Signing Requirements – Principal’s signature must be acknowledged by a notary public.[3]

Sources

  1. Ark. Code § 28-68-104
  2. Ark. Code § 28-68-102(5)
  3. Ark. Code § 28-68-105