Durable Financial Power Of Attorney Ohio

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.

Durable financial power of attorney ohio.

The ohio durable power of attorney is a printable document that you complete and provide to a person you choose your agent to receive the power to carry out tasks relating to your finances once your agent has the form they can present it to official entities prior to withdrawing money out of your account s selling your property signing a lease for a rental property and much more. They are explained in the uniform statutory form power of attorney act. 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.

Financial powers of attorney ohio state bar association 5 17 18. Ohio general durable power of attorney. 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. The powers you grant below are effective only if you become disabled or incompetent.

If a power of attorney document does not explicitly say that the power is durable it ends if you become incapacitated. This ability usually comes into play when long term planning or precautionary measures must be set in place. Once this paperwork is active the agent will be able to conduct the.