Durable Financial Power Of Attorney Form Ohio

If a power of attorney document does not explicitly say that the power is durable it ends if you become incapacitated.

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. Financial powers of attorney ohio state bar association 5 17 18. 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.

Durable power of attorney the power of attorney form that grants financial authority over the principal s assets and property. This ability usually comes into play when long term planning or precautionary measures must be set in place. The powers granted by this document are broad and sweeping. It is considered durable because it remains in effect even after the principal is no longer able to make his or her own decisions due to physical or mental incapacity.

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.