Power of Attorney
Arkansas Power of Attorney
Power of Attorney is a document which authorizes one person to act or make decisions for another regarding their person or estate. It can cover one very specific area or many duties. It can become effective immediately or after something happens like sickness or disability. The person who gives the authority is called the principal while the person who carries it out is called the agent.
Know the facts
There are different types of Powers of Attorney depending on how much power is delegated to the agent.
A Durable Power of Attorney becomes effective when the principal becomes incompetent or unable to manage his or her own affairs.
A General Power of Attorney is usually used in business and allows the agent to carry on the business for the principal and usually has broad powers like buying and selling products for a shop.
A Special or Limited Power of Attorney allows the agent to do a specific transaction for the principal, like sign for the sale of a specific object.
A Durable Power of Attorney for Healthcare allows you to name someone to make healthcare decisions for you if you cannot, including the power to withhold medical treatment. It may be combined with a Living Will.
Put us to work for you
The law firm of Nolan Caddell Reynolds can help you decide what type of a Power of Attorney you need and ensure it is created to take full advantage of the powers and protections of Arkansas Law. You do not lose control over your affairs and can allow your agent act or not as you decide. You may revoke the Power of Attorney at any time. The Power of Attorney is a powerful document and can be abused if not carried out properly.