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You can make several different types of POAs in Ohio. In particular, many estate plans include two POAs: a power of attorney for finances, which allows someone to handle your financial or business matters, and. a power of attorney for health care, which allows someone to make medical decisions on your behalf.
Designate two separate people as Power of Attorney. One person is the initial financial Power of Attorney and another person as the alternate financial Power of Attorney. This would be the same for health care Power of Attorney. You want an initial agent and an alternate agent.
The attorney-in-fact shall have full powers and authority to do and undertake all acts on Client's behalf that Client could do personally including but not limited to the right to sell, buy, lease, mortgage, assign, rent or dispose of any real or personal property; the right to execute, accept, undertake and perform ...
In Ohio, the duration of a POA is generally determined by the terms specified in the POA document itself. This means the POA could be set to expire on a certain date, upon the occurrence of a specific event, or when the principal becomes incapacitated or passes away.
The principal ? that is, the person who assigned POA to someone (an agent) on their behalf ? can revoke it. However, it may not always be that simple.