Arkansas Statutory Form Power Of Attorney (Page 7 of 8) in pdf

Arkansas Statutory Form Power Of Attorney Page 7

(2) act in good faith;

(3) do nothing beyond the authority granted in this power of attorney; and

(4) disclose your identity as an agent whenever you act for the principal by writing or

printing the name of the principal and signing your own name as "agent" in the following

manner:

(Principal's Name) by (Your Signature) as Agent

Unless the Special Instructions in this power of attorney state otherwise, you must also:

(1) act loyally for the principal's benefit;

(2) avoid conflicts that would impair your ability to act in the principal's best interest;

(3) act with care, competence, and diligence;

(4) keep a record of all receipts, disbursements, and transactions made on behalf of the

principal;

(5) cooperate with any person that has authority to make health-care decisions for the

principal to do what you know the principal reasonably expects or, if you do not know the

principal's expectations, to act in the principal's best interest; and

(6) attempt to preserve the principal's estate plan if you know the plan and preserving the

plan is consistent with the principal's best interest.

Termination of Agent's Authority

You must stop acting on behalf of the principal if you learn of any event that terminates this

power of attorney or your authority under this power of attorney. Events that terminate a power

of attorney or your authority to act under a power of attorney include:

(1) death of the principal;

(2) the principal's revocation of the power of attorney or your authority;

(3) the occurrence of a termination event stated in the power of attorney;

(4) the purpose of the power of attorney is fully accomplished; or

(5) if you are married to the principal, a legal action is filed with a court to end your

marriage, or for your legal separation, unless the Special Instructions in this power of attorney

state that such an action will not terminate your authority.

Liability of Agent

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__________ Initials

Arkansas Statutory Form Power Of Attorney Page 7