Ohio Power of Attorney
A Power of Attorney allows a person, the Principal, to appoint one or more Agents to perform specific legal and financial acts on behalf of the Principal. A valid Power of Attorney avoids the need for a court appointed guardian of the estate should a person need assistance with their financial affairs.
In 2012, Ohio's Power of Attorney Act was enacted, which helped improve Ohio's law, including agent duties, and provided a common statutory form.
Importantly, it also clarified the use of what are commonly called hot powers - powers that would allow an agent to dissipate the Principal's assets or change his/her estate plan. It is important when preparing a power of attorney to decide whether or not you wish for your Agent to have such powers, and under what circumstances.
Call 330-472-2083 today for a free initial consultation to discuss your estate planning needs.
Durbin Law Office, LLC | 1262 Ledgewood Dr., Akron, Ohio 44333| Phone: (330) 472-2083 | Email: firstname.lastname@example.org
Attorney Deanna Durbin of the Akron, Ohio, law firm of Durbin Law Office, LLC, provides probate, estate planning, and trust and estate administration legal services in the cities of Akron, Bath, Richfield, Fairlawn, Copley, Norton, Medina, Cuyahoga Falls, Stow, Tallmadge, Munroe Falls, Hudson, and Wadsworth, and other areas in Summit County and Medina County.
Copyright © Durbin Law Office, LLC. All rights reserved. Site Disclaimer.