Columbus Ohio Durable General Power of Attorney
Think of a durable general power of attorney as a means to allow someone else to have the power to legally to make financial decisions for you. A general power of attorney can also be used for making decisions in both business related issues and other legal matters on your behalf. A POA can be used for one specific matter, or for a wide range of them. It can go into effect right away, or in the future (durable POA), such as in the unfortunate situation you become incapacitated or unable to make such legal decisions yourself.
POA - Power of Attorney
You don’t necessarily have to be incapacitated for a POA to take effect. You may find yourself in a situation that won’t allow you to be present when certain legal matters need attending to. A POA will give another person (appointed by you) the power to make certain decisions on your behalf, should you not be unable to do so. This can include a variety of situations. Perhaps you will be out of town, or be in the hospital etc. The reason is not as important as is the fact that you are making sure your legal affairs are taken care of in any eventuality.
Preparing for the Future - Durable Power of Attorney
It’s always a good idea to be prepared for the future, whatever it may bring, so that you and your family are protected legally, on terms you prefer.
In other words, your wishes and obligations will be met by a person of your designation (known as your agent), should you (known as the principal) become unable to do so. Preparing for the future is what the ‘durable’ part is meant for.
General Power of Attorney
A general power of attorney encompasses a wide variety of business, medical, finance, or other various legal matters including:
Managing bank accounts
Managing real estate (including selling, purchasing, or managing property)
Business related issues (including the operation of a business)
Managing tax issues (including filing your taxes for you)
Manage investments (including making investments)
Contracts (including contract agreements etc.)
Perform legal actions
Manage personal property
Manage stocks (both buying and selling)
Manage govt. benefits
Manage retirement plans
Appoint guardian(s) of minor children
Making medical decisions
Power of Attorney and Estate Planning
Our attorneys will be able to assist you in any form of power of attorney you may require. We can help you with protecting yourself and your family by making sure you are legally protected….both now and in the future. Making sure your assets are protected and your family is well provided for is at the heart of estate planning, whatever situation may arise. We can also help you make any updates or changes to a power of attorney as the need may arise.
Contact us today to make sure you have the correct legal issues and forms in place to protect yourself and your family.
Ohio Durable General Power of Attorney FAQ
Who should I choose as my representative in a POA?
Choosing the right person to give power of attorney to is of great importance. The person you designate will be able to see all aspects of your business, financial affairs, and other legally related matters. Make sure you designate someone you trust.
What does durable signify?
The durable part of ‘durable power of attorney’ simply means that power of attorney will last your lifetime (or however long you wish), and go into effect should you become incapacitated or unable to make such decisions involving general matters, business matters or financial related matters..
Does Ohio require a POA to be notarized?
Although Ohio does not require a notary republic to witness the signing of a POA, it is recommended you do so.
How do I file a durable general power of attorney in Ohio?
Hiring an attorney is the best idea in assuring not just that a POA is filed correctly, but also that every form etc. is filled out correctly and legally.
When Does a POA End?
There are several ways a POA can come to an end legally including:
The death of your appointed agent (without an alternative being named)
The court revokes it (this is rare)
You become divorced (if your spouse was named your agent and no alternate was named)
When you revoke the POA