 | Ohio General Financial Power of Attorney Form |
The Ohio general financial power of attorney form is a legal document which would be provided by a Principal to designate, to oversee the financial decisions to be made on behalf of the Principal. The document shall provide information that would be pertaining to what powers the Principal wishes to allow the Agent to perform. This document would initially ask that all financial powers be acted upon by the Agent, however, the document may be restricted and/or limited to what the Principal will actually choose to allow the Agent to perform. As the Principal reviews the document they may strike through any of the statements they feel are not appropriate for them.
All of the powers must be exercised by the Agent, only according to the specific instructions according to the Principal. The Agent must only act on behalf of the Principal, as if they were present to make their own decisions regarding their own financial affairs. This document does not remain in effect if the Principal becomes incapacitated or disabled to the point they are no longer able to communicate their own wishes. The Principal will have the opportunity to elect a Successor (Alternate) Agent, in the event the initial Agent is unable to any longer perform the requirements and/or wishes of the Principal.
This form must be Notarized with all signatories present before a licensed Notary Public. The document may be revoked by the Principal, should they so desire, by provision of written notice and delivery or service to the Agent; or assignment of a new Agent and a new powers document which would then immediately revoke this document.
How to Write
Step 1 – Download the Document – The Principal must carefully review the following sections:
- Notice
- Incapacitation
- Revocation
- Witness and Notary
- In addition, in the lower portion of the document:
- Terms and Conditions
- Third Parties
- Compensation
- Disclosure
Step 2 – Principal and Agent(s) – Submit the following:
- The Principal’s name
- The Principal’s Street Address
- City
- State
- AND
- Agent’s name
- Agent’s Address
- City
- State
- AND
- The name of a selected Successor Agent (Optional)
- The Successor’s Street Address
- City
- State
Step 3 – Signatures – Must only be provided only before a licensed Notary Public:
- Enter the Principal’s Signature
- Provide the date of the Principal’s the signature in dd/mm/yyyy format
- AND
- Submit the Agent’s Printed Name
- Submit the Agent’s Signature
- Enter the date of the signature in mm/dd/yyyy format
- AND
- The Successor Agent’s Printed Name
- Submit the Successor’s Signature
- Date the Successor’s signature in mm/dd/yyyy format
Step 4 – Notarization –
Once the Notary has witness all signatures, they must then enter all state required information, to acknowledge the document, also, affixing the official notary seal
Step 5 – Acknowledgement and Acceptance of Agents – The Agent’s shall carefully review the acknowledgement statements – Provide:
- Printed name of the Agent(s)
- Enter Agent(s) signatures(s)
- Dated signatures in mm/dd/yyyy format
- AND
Witnesses must read the Witness Attestation and enter the following:
- Printed the names of the Witnesses
- Submit both of the Signatures of each Witnesses
