In Ohio, an Ohio Statutory Power of Attorney Form provides an agent with the legal power to make financial decisions on behalf of the principal. The principal will be responsible for creating and signing this form when they are in a clear state of mind and are doing so of free will. The agent is within their right to make decisions even when the principal can no longer communicate to healthcare staff and is no longer capable of making unclouded decisions.
The consequences of these decisions can be very important - hence why any designated agents need to possess complete trust. In the majority of cases, selected agents are relatives or close friends. It is down to the principal to clearly describe and outline any wishes they have regarding their financial assets and these should clearly be described within the form. It is then the responsibility of the agent to make sure that the wishes of the principal are met.
An Ohio Statutory Power of Attorney should be signed by the principal in front of a notary public. This is a crucial step and if this is not done correctly, complying with all state laws then the form cannot be legally enforced.
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