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 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 granted by this document are broad and sweeping. Financial powers of attorney ohio state bar association 5 17 18. 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.
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 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. The ohio durable power of attorney form is designed to establish continuous representation regarding a person s finances.
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. The ohio durable power of attorney form is designed to establish continuous representation regarding a person s finances.