Durable Financial Power Of Attorney Form Ohio

They are explained in the uniform statutory form power of attorney act.

Durable financial power of attorney form ohio.

The ohio durable power of attorney form is designed to establish continuous representation regarding a person s finances. Ohio durable financial power of attorney form enables a person principal to appoint another person agent whom he or she trusts to handle financial matters. If a power of attorney is durable it remains valid and in effect even if you become incapacitated and unable to make decisions for yourself. Ohio general durable power of attorney the powers you grant below are effective only if you become disabled or incompetent notice.

This ability usually comes into play when long term planning or precautionary measures must be set in place. Financial powers of attorney ohio state bar association 5 17 18. If a power of attorney document does not explicitly say that the power is durable it ends if you become incapacitated. The ohio durable power of attorney form is designed to establish continuous representation regarding a person s finances.

The person authorized to represent the principal person who executed the document is called an attorney in fact and they will be handling all or most of the principal s personal finances and business affairs. Durable power of attorney the power of attorney form that grants financial authority over the principal s assets and property.