What is a power of attorney?

A power of attorney is a legal document that grants another person the authority to act on behalf of another person. In Ohio, a power of attorney is typically used in the context of trusts and estates law. The person granting the power of attorney is known as the principal and the person receiving the power is known as the attorney-in-fact. Generally, the person granting the power of attorney has the right to decide what authority they bestow upon the attorney-in-fact. This authority can include the ability to make decisions, act on their behalf, and manage their finances. The power of attorney may be set up as a general, specific, or limited power of attorney. A general power of attorney gives the attorney-in-fact broad powers and authority to act on behalf of the principal. A specific power of attorney grants only the authority to complete certain specific tasks that the principal intends to have done. A limited power of attorney, also known as a durable power of attorney, is used when the principal requires someone to act on their behalf in the event that they become incapacitated. The power of attorney must be in writing and signed by the principal in front of a notary public. It is important to note that a power of attorney may be revoked or cancelled at any time by the principal.

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