Durable Financial Power Of Attorney Form Ohio

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.

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

The ohio durable power of attorney form is designed to establish continuous representation regarding a person s finances. If a power of attorney document does not explicitly say that the power is durable it ends if you become incapacitated.