This is a limited power of attorney for Ohio. You specify the powers you desire to give to your agent. Sample powers are attached to the form for illustration only and should be deleted after you complete the form with the powers you desire. The form contains an acknowledgment in the event the form is to be recorded.
Franklin Ohio Limited Power of Attorney is a legal document that grants a designated individual, known as the "agent" or "attorney-in-fact," the authority to act on behalf of the principal (the person granting the power) in specific legal and financial matters. This type of power of attorney is commonly used when the principal wants to delegate certain powers but doesn't want to grant unlimited authority. The Franklin Ohio Limited Power of Attorney allows the principal to specify the powers and limitations granted to the agent. With this document, the principal can tailor the agent's authority to their specific needs and preferences. It ensures that the agent cannot exceed the defined scope of powers granted to them. Some common powers that can be included in the Franklin Ohio Limited Power of Attorney are: 1. Real Estate Management: This grants the agent the authority to buy, sell, lease, manage, and maintain real estate properties on behalf of the principal. Sample power: "To sell, lease, or mortgage my property located at [address]." 2. Financial Management: This grants the agent the authority to manage the principal's financial affairs, such as banking transactions, investments, and tax matters. Sample power: "To access and manage my bank accounts, make deposits, withdrawals, and pay bills on my behalf." 3. Legal Representation: This grants the agent the authority to hire and manage legal representation on behalf of the principal. Sample power: "To engage an attorney and represent me in legal proceedings related to [a specific matter]." 4. Business Operations: This grants the agent the authority to run the principal's business, make business decisions, and sign contracts. Sample power: "To manage and operate my business, including hiring employees and signing contracts." 5. Health Care Decisions: Although not a commonly specified power in a Limited Power of Attorney, it's possible to include provisions related to medical or healthcare decisions. Sample power: "To make healthcare decisions, including the authority to consent to or refuse medical treatment on my behalf." It is important to note that these sample powers are for illustrative purposes only. The Franklin Ohio Limited Power of Attorney should be customized based on the principal's specific requirements and objectives. Additionally, there may be other types of Limited Power of Attorney documents that are specific to certain industries or circumstances, such as a Real Estate Limited Power of Attorney or a Financial Limited Power of Attorney. When creating a Franklin Ohio Limited Power of Attorney, it is advisable to consult with an attorney to ensure compliance with state laws and to address any unique considerations or requirements.
