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.

Durable financial power of attorney form ohio. Durable power of attorney the power of attorney form that grants financial authority over the principal s assets and property. They are explained in the uniform statutory form power of attorney act. If a power of attorney document does not explicitly say that the power is durable it ends if you become incapacitated. 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.

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 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. 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.

Ohio general durable power of attorney the powers you grant below are effective only if you become disabled or incompetent notice. 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.