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Arkansas General Durable Power of Attorney for Property and Finances - Effective upon Disability

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This General Durable Power of Attorney is intended to be used by an individual to appoint an Attorney-in-Fact to make decisions for him or her regarding property, financial, banking, management, business and other related matters. This power of attorney becomes effective only upon the principal's disability, incompetency or incapacity. However, this document does not include powers relating to medical and health care services. It contains broad powers which the individual can choose from so as to suit his or her specific requirements. This document should be used by individuals located in Arkansas who wish to appoint an Attorney-in-Fact to act on their behalf only upon their disability or incapacity.

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                             This General Durable Power of Attorney is intended to be used by an individual to appoint
                             an Attorney-in-Fact to make decisions for him or her regarding property, financial, banking,
                             management, business and other related matters. This power of attorney becomes
                             effective only upon the principal's disability, incompetency or incapacity. However, this
                             document does not include powers relating to medical and health care services. It contains
                             broad powers which the individual can choose from so as to suit his or her specific
                             requirements. This document should be used by individuals located in Arkansas who wish
                             to appoint an Attorney-in-Fact to act on their behalf only upon their disability or incapacity.
             ®




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                         GENERAL DURABLE POWER OF ATTORNEY
                   THE POWERS YOU GRANT BELOW ARE EFFECTIVE
                  ONLY IF YOU BECOME DISABLED OR INCOMPETENT


KNOWN BY ALL PERSONS PRESENT, THAT:


I, _______________________________ [Instruction: Insert the name of the principal], residing at
______________________________________ [Instruction: Insert the address of principal],
(“Principal”), execute this Durable Power of Attorney and do hereby make, constitute and
appoint: ___________________________________ [Instruction: Insert the name of agent ], residing
at __________________________ [Instruction: Insert the address of agent ], (“Agent” or
"Attorney-in-Fact"), TO ACT IN MY NAME, PLACE AND STEAD in any lawful way with
respect to the following provisions:


1. Effectiveness of Power of Attorney: This instrument is to be construed and interpreted as a
   General Durable Power of Attorney effective only upon my disability, incompetency or
   incapacity.


2. Grant of Powers: I grant to my Agent full power and authorization to do everything
   necessary in exercising any of the powers herein granted by this Power of Attorney as fully
   as I might or could do if personally present. My Agent shall have full power of substitution
   or revocation. I hereby ratify and confirm all that my Agent lawfully does or causes to be
   done by virtue of this Power of Attorney and the powers herein granted. My Agent shall have
   the power to exercise or perform any act, power, duty, right or obligation whatsoever that I
   now have or may hereinafter acquire, relating to any person, matter, transaction or property,
   real or personal, tangible or intangible, now owned or hereafter acquired by me, including,
   without limitation, the following specifically enumerated powers:


   a. Property Matters: To acquire, purchase, exchange and sell, or grant options to sell,
       mortgage, pledge, lease, sell and convey real or personal property, tangible or intangible,
       or interests therein, on such terms and conditions as my Agent shall deem proper, with


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       full authority to sign, endorse, execute and deliver any sales agreement, deed, bill of sale
       and all other instruments or documents pertaining to the sale of any of my real or
       personal property; and to enter into bonds, contracts, mortgages and deeds connected
       therewith;


   b. Stock and bond transactions: To purchase, convey, assign, sell, exchange, surrender,
       mortgage, pledge, lease, let, license, demise, remise, quitclaim, bargain, redeem, or
       otherwise transfer any and all shares of stock, bonds, evidences of indebtedness or other
       securities and other personal tangible and intangible or mixed property in any business,
       association, corporation, partnership, or other legal entity, whether private or public, now
       or hereafter belonging to me;


   c. Banking and other financial institution transactions: To make, receive, sign, endorse,
       execute, acknowledge, deliver and possess checks, drafts, bills of exchange, letters of
       credit, notes, stock certificates, withdrawal receipts and deposit instruments relating to
       accounts or deposits in, or certificates of deposit of banks, savings and loans, credit
       unions, or other institutions or associations, execute or release such deeds of trust or other
       security agreements as may be necessary or proper in the exercise of the rights and
       powers herein granted;


   d. Business operating transactions: To conduct, engage in, and otherwise transact the
       affairs of any and all lawful business ventures of whatever nature or kind that I may now
       or hereafter be involved in. To execute partnership agreements and amendments thereto;
       to incorporate, reorganize, merge, consolidate, recapitalize, sell, liquidate or dissolve any
       business; to elect or employ officers, directors and agents; to carry out the provisions of
       any agreement for the sale of any business interest or the stock therein; and to exercise
       voting rights with respect to stock, either in person or by proxy, and to exercise stock
       options;


   e. Management Powers: To maintain, repair, improve, invest, manage, insure, rent, lease,
       and in any manner deal with any real or personal property, tangible or intangible, or any



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       interest therein that I now own or may hereafter acquire in my name and for my benefit,
       upon such terms and conditions as my Agent shall deem proper;


   f. Power to Borrow: To borrow any sum or sums of money on such terms (including the
       power to borrow against the cash surrender value of any life insurance policy issued on
       my life), and with such security, whether real or personal property, as my Agent may
       think fit, and for that purpose to execute all promissory notes, bonds, mortgages, deeds of
       trust, security agreements, and other instruments which may be necessary or proper;


   g. Tax matters: To prepare, to make elections, to execute and to file all tax, social security,
       unemployment insurance, and informational returns required by the laws of the United
       States, or of any state or subdivision thereof, or of any foreign government; to prepare, to
       execute, and to file all other papers and instruments which the Agent shall think to be
       desirable or necessary for safeguarding me against excess or illegal taxation or against
       penalties imposed for claimed violation of any law or other governmental regulation; and
       to pay, to compromise, or to contest or to apply for refunds in connection with any taxes
       or assessments for which I am or may be liable;


   h. Trust: To transfer, assign and convey any property or interest in property, the legal or
       equitable title to which is in my name, to any trust of which I am the primary beneficiary
       during my lifetime and under the terms of which I expressly have the power to amend or
       revoke such trust, and to exercise any right of withdrawal of income and/or principal
       which I may have pursuant to the terms and conditions of such trust, whether such trust
       was created before or after the execution of this Power of Attorney;


   i. Power to Change Beneficiaries on Any Insurance Policies: To change the beneficiaries
       on any insurance policies on my life; provided, however, that neither such right and
       power, nor any other rights and powers, shall be exercisable with respect to any policies
       of life insurance which may at any time be owned by me on the life of my Agent herein
       named.




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     j. Legal affairs: To employ and compensate attorneys, accountants and other agents with
        personal liability for neglect or wrongdoing of any of them selected with reasonable care.
        To represent me before any administrative or judicial body in any proceeding;


     k. Recovering Possession of Property: To eject, remove or relieve tenants or other persons
        from, and recover possession of, any property, real, personal or mixed in which I now or
        hereafter may have an interest.


     l. Executing Government Vouchers: To execute vouchers in my behalf for any and all
        allowances, compensation and reimbursements properly payable to me by the
        Government of the United States or any agency or department thereof.


3. Revocation: This General Durable Power of Attorney may be voluntarily revoked by me by
     written instrument signed by me and delivered to my Agent.


4. Nomination of Guardian or Conservator: In the event court proceedings are hereafter
     commenced to appoint a guardian, conservator or other fiduciary to take charge of my
     person, or to manage and conserve my property, I hereby nominate and appoint my Agent
     above-named, as my guardian, conservator, or other fiduciary, to serve without bond unless
     otherwise required by a court of competent jurisdiction.


5.   Death: [Optional] [Comment: Choose this clause if you wish the agency to continue
     even after your death] My death shall not revoke or terminate this agency as to my Agent or
     any other person who, without actual knowledge of my death, acts in good faith under this
     Power of Attorney. Any action so taken, unless otherwise invalid or unenforceable, shall be
     binding upon me and my heirs, devises, and personal representatives.


6. Revocation: This General Durable Power of Attorney may be voluntarily revoked by me by
     written instrument signed by me and delivered to my Agent.




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7. Substitute Agent: If _____________________ [Instruction: Insert the name of the agent]
   ceases to act as my Agent due to death, incapacity, or resignation, I appoint
   ___________________________ [Instruction: Insert the name of the substitute agent], to
   serve as my substitute Agent.


8. Interpretation and Governing Law: This instrument is to be construed and interpreted
   according to the law of Arkansas. It was executed in the state of Arkansas and is intended to
   be valid in all jurisdictions of the United States of America and all foreign nations.


9. Special Instructions: [Optional] [Instruction: Insert the special instructions limiting or
   extending the powers granted to your agent]
       ________________________________________________________________________
       ________________________________________________________________________
       ________________________________________________________________________
       ________________________________________________________________________
       ________________________________________________________________________
       ________________________________________________________________________
TO INDUCE ANY THIRD PARTY TO ACT HEREUNDER, I HEREBY AGREE THAT
ANY THIRD PARTY RECEIVING A DULY EXECUTED COPY OR FACSIMILE OF
THIS INSTRUMENT MAY ACT HEREUNDER, AND THAT REVOCATION OR
TERMINATION HEREOF SHALL BE INEFFECTIVE AS TO SUCH THIRD PARTY
UNLESS AND UNTIL ACTUAL NOTICE OR KNOWLEDGE OF SUCH REVOCATION
OR TERMINATION SHALL HAVE BEEN RECEIVED BY SUCH THIRD PARTY, AND
I FOR MYSELF AND FOR MY HEIRS, EXECUTORS, LEGAL REPRESENTATIVES
AND ASSIGNS, HEREBY AGREE TO INDEMNIFY AND HOLD HARMLESS ANY
SUCH THIRD PARTY FROM AND AGAINST ANY AND ALL CLAIMS THAT MAY
ARISE AGAINST SUCH THIRD PARTY BY REASON OF SUCH THIRD PARTY
HAVING RELIED ON THE PROVISIONS OF THIS INSTRUMENT.




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Signed this ____ [Month] ____ [Date], 20____


______________________________________
[Instruction: Insert the signature of principal]


______________________________________
______________________________________
[Instruction: Insert the Address of principal]




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                                       ACKNOWLEDGEMENT


    STATE OF ARKANSAS
    COUNTY OF           ____________________


I, a Notary Public, hereby certify that _______________________________________ whose name is
signed to the foregoing instrument, and who is known to me, acknowledged before me on
this day that, being informed of the contents of the conveyance, he/she/ executed the same
voluntarily on the day the same bears date.


        Given under my hand this _____________ day of _____________,. 20____.




____________________________________
                                                       Notary Public
                                                       Print Name __________________________




My commission expires:


___________________




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