20 03a STATUTORY FORM POA

• Jurisdiction: Arkansas
• Library: Arkansas Form Book - Complete (2024 Supplement)

20-03A STATUTORY FORM POA

Replace form 20-03A from the main volume with the following:

STATUTORY FORM POA

This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). 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. 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.

This power of attorney does not authorize the agent to make health-care decisions for you.

You should select someone you trust to serve as your agent. 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.

Your agent is entitled to reasonable compensation unless you state otherwise in the Special Instructions.

This form provides for designation of one agent. If you wish to name more than one agent you may name a co-agent in the Special Instructions. Co-agents are not required to act together unless you include that requirement in the Special Instructions.

If your agent is unable or unwilling to act for you, your power of attorney will end unless you have named a successor agent. You may also name a second successor agent.

This power of attorney becomes effective immediately unless you state otherwise in the Special Instructions.

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.

DESIGNATION OF AGENT

I, [principal name], name the following person as my agent:

Name of Agent: [agent name]

Agent's Address: [agent address]

Agent's Telephone Number: [agent phone number]

DESIGNATION OF SUCCESSOR AGENT(S) (OPTIONAL)

If my agent is unable or unwilling to act for me, I name as my successor agent:

Name of Successor Agent: [successor agent name]

Successor Agent's Address: [successor agent address]

Successor Agent's Telephone Number: [successor agent phone number]

[If my successor agent is unable or unwilling to act for me, I name as my second successor agent:

Name of Second Successor Agent: [second successor agent name]

Second Successor Agent's Address: [second successor agent address]

Second Successor Agent's Telephone Number: [second successor agent phone number]

GRANT OF GENERAL AUTHORITY

I grant...