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Ohio General (Financial) Power of Attorney

An Ohio general (financial) power of attorney form allows a person (principal) to authorize another individual (agent) to handle the principal's financial affairs on their behalf. The agent will have the power to manage, dispose, and accumulate the principal's assets. These powers terminate if the principal becomes incapacitated.
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Laws

  • Durable – A power of attorney is durable unless it expressly provides that it is terminated by the incapacity of the principal.[1]
  • Incapacity – Means the inability of a person to manage their property or business affairs because of an impairment, is missing, detained (incarcerated), or is outside the United States and is unable to return.[2]
  • Signing Requirements – Must be notarized.[3]