Power of Attorney
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In 2006, the Ohio legislature adopted a standard form for a financial Power of Attorney. This form is found in Ohio Revised Code section 1337.18 and the powers granted in it are explained in Ohio Revised Code section 1337.20. (Health care powers are usually delegated separately in a "health care advance directive.") The purpose of adopting this form was to provide Ohioans with easy accessability to a standard form of this important and widely-used document. Like any legal document, however, it should be used with caution. It grants broad powers to the person named to act for you. |
When we draft a Power of Attorney for a client, we use a document very similar to this one, but we use some additional clauses that enhance the effectiveness of the document for some clients. We also delete some clauses for some clients. In other words, we tailor the form to suit the client's particular needs. The new statutory Power of Attorney form is not mandatory. You are not required to use it. Any otherwise valid pre-existing or newly-created Power of Attorney in another format is valid. Before using the statutory Power of Attorney form, read it all the way through. Consult us if you have any questions. |
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