Arkansas Limited Power of Attorney Form
An Arkansas limited power of attorney is a legal document that gives a person the temporary right to carry out tasks for another. The person assigning power is called the “principal”, whereas the person completing the duties is called the “agent.” The principal must appoint someone who is trustworthy and reliable, such as a family member or close friend. The agent’s power can be removed at any time as long as the principal completes and signs an Arkansas revocation form.
According to Arkansas law, the agent is liable if they act beyond the limits that the principal has set. They must pay for all damages they caused, as well as fees for an attorney if one is needed (§ 28-68-117).
A limited POA does not last long compared to other types. This is because it is used for one-time tasks, like managing property, signing forms, or handling tasks. It also ends once it expires or the agent completes the duties. In comparison, a general power of attorney allows the agent to handle all financial matters for the principal. For long-term needs, it is more appropriate to choose a medical or durable power of attorney form.
Signing requirements (§ 28-68-105): The document must be notarized.