An Arkansas non-durable (general) power of attorney (GPOA) allows an individual, referred to as the “agent” or “attorney-in-fact,” to manage various financial affairs on behalf of the principal. This non-durable document becomes effective upon signing and is generally utilized for specific financial tasks.
However, this designation becomes invalid if the principal becomes incapacitated. Conversely, a durable power of attorney remains effective even if the principal becomes incapacitated, allowing the agent to continue managing the principal’s financial matters as specified in the document.
Laws — Title 28 Chapter 68 (Uniform Power of Attorney Act).
Durable (Ark. Code § 28-68-104) – In Arkansas, a power of attorney is considered durable by default unless it expressly states its termination by the principal’s incapacity.
Signing Requirements (Ark. Code § 28-68-105) – The principal’s signature must be acknowledged by a notary public.
