Thank you for visiting our site. Let’s get right to it shall we?
You may be here because you have “heard” about other people using power of attorney (POA) documents or it may have been suggested to you to create one to protect you own assets or the assets of another person in your family (usually an aging parent).
The official definition of an asset (or assets) is:
A single item of ownership having exchange value.
The total resources of a person or business, as cash, notes and accounts receivable, securities, goodwill, or real estate.
So the idea of creating a POA is that you are preparing for the possible event of becoming incapacitated (an illness for example) and you are officially assigning someone to handle your affairs or alternatively, you may have an aging family member that can no longer manage their assets like finances and real estate for example and so you want to assign yourself or other family members to handle their accounts for them.
The main idea of a POA then is to prepare this POA document that assigns a person that you trust completely to act on your behalf if ever there comes a time that you are not able to on your own.
This person, can then open and close bank accoutnts in your name, deposit or withdraw funds, pay your mortgage, file your taxes, collect rent from tenants or whatever functions need to be taken care of in your day to day life.
The Ohio Power of Attorney Form in a Nutshell
Unlike the name of the form, a power of attorney document does not require an attorney at all. The form is really just a written agreement (that DOES follow certain Ohio state rules in order to be valid) signed between two people of sound mind that are over 18 years old.
The form details what kinds of legal and formal things that the person you are assigning can do for you.
The form has to be notarized at the time of signing
That’s it, that’s a power of attorney form in a nutshell.
The Ohio Power of Attorney Form in More Detail
Now here is where the fun begins.
There are a few different ways to construct a power of attorney form in Ohio and we detail each one very specifically in our learning center.
For now we will list the different kinds you can create with a brief description of what they are for.
Basically, 99% of people will just require the General Durable Power of Attorney Form for Ohio.
- General because it covers all of your “regular” daily functions in society as a person.
- Durable because it remains in effect after you may become incapacitated (this is the main use of an Ohio POA)
Because this is the most popular type of power of attorney form for residents in Ohio, we have created two versions for you to prepare and download immediatey: