An Ohio general power of attorney is used to authorize an individual to act as a financial representative for the person executing the document, known as the principal. This representative, or “attorney-in-fact,” has the power to act on the principal’s behalf in matters such as banking, real estate, taxes, trusts, investments, and general financial affairs.
An Ohio general POA will not terminate in the event of the principal’s incapacitation unless they state in the special instructions that the agent’s powers will be revoked upon this event.[1]
The principal should sign their power of attorney in the presence of a notary public.[2]
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