Fpoa 2012
Fpoa 2012
Fpoa 2012
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Ohio Statutory Form Power Of Attorney Cover Letter
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STATE OF OHIO
STATUTORY FORM POWER OF ATTORNEY
IMPORTANT INFORMATION
1) This power of attorney authorizes another person (your agent) to make decisions
concerning your property for you (the principal). Your agent will be able to make
decisions and act with respect to your property (including your money) whether or not
you are able to act for yourself. The meaning of authority over subjects listed on this
form is explained in the Uniform Power of Attorney Act (sections 1337.21 to 1337.64 of
the Revised Code).
2) This power of attorney does not authorize the agent to make health-care decisions for
you.
3) You should select someone you trust to serve as your agent. Unless you specify
otherwise, generally the agent's authority will continue until you die or revoke the
power of attorney or the agent resigns or is unable to act for you.
4) Your agent is entitled to reasonable compensation unless you state otherwise in the
Special Instructions.
5) This form provides for designation of one agent. If you wish to name more than one
agent you may name a coagent in the Special Instructions. Coagents are not required
to act together unless you include that requirement in the Special Instructions.
6) If your agent is unable or unwilling to act for you, your power of attorney will end
unless you have named a successor agent. You may also name a second successor
agent.
7) This power of attorney becomes effective immediately unless you state otherwise in
the Special Instructions.
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CAUTION: Granting any of the above eight powers will give your agent the authority
to take actions that could significantly reduce your property or change how your property is
distributed at your death.
If you have questions about the power of attorney or the authority you are granting to
your agent, you should seek legal advice before signing this form.
STATE OF OHIO
STATUTORY FORM POWER OF ATTORNEY
DESIGNATION OF AGENT
I, _________________________________________________ name the following
person as my agent:
Name of Agent: ____________________________________________________________
Agents Address: ___________________________________________________________
Agents Telephone Number: (
) _____________________________________
) ____________________________
StateofOhioStatutoryFormPowerofAttorney
) ______________________
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StateofOhioStatutoryFormPowerofAttorney
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EFFECTIVE DATE
This power of attorney is effective immediately unless I have stated otherwise in the
Special Instructions.
) ___________________________________
StateofOhioStatutoryFormPowerofAttorney
) ___________________________________
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STATE OF OHIO
COUNTY OF ______________________________
This document was acknowledged before me on __________________________ (Date), by
__________________________________________________________ (Name of Principal).
_________________________________________
Signature of Notary
My commission expires: ______________________________________________________
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AGENT'S DUTIES
When you accept the authority granted under this power of attorney, a special legal
relationship is created between you and the principal. This relationship imposes upon you
legal duties that continue until you resign or the power of attorney is terminated or revoked.
You must:
(1) Do what you know the principal reasonably expects you to do with the principal's
property or, if you do not know the principal's expectations, act in the principal's
best interest;
(2) Act in good faith;
(3) Do nothing beyond the authority granted in this power of attorney;
(4) Attempt to preserve the principal's estate plan if you know the plan and preserving
the plan is consistent with the principal's best interest;
(5) Disclose your identity as an agent whenever you act for the principal by writing or
printing the name of the principal and signing your own name as agent in the
following manner:
(Principal's Name) by (Your Signature) as Agent
Unless the Special Instructions in this power of attorney state otherwise, you must
also:
(1) Act loyally for the principal's benefit;
(2) Avoid conflicts that would impair your ability to act in the principal's best interest;
(3) Act with care, competence, and diligence;
(4) Keep a record of all receipts, disbursements, and transactions made on behalf of
the principal;
(5) Cooperate with any person that has authority to make health-care decisions for the
principal to do what you know the principal reasonably expects or, if you do not
know the principal's expectations, to act in the principal's best interest.
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LIABILITY OF AGENT
The meaning of the authority granted to you is defined in the Uniform Power of
Attorney Act (sections 1337.21 to 1337.64 of the Revised Code). If you violate the Uniform
Power of Attorney Act or act outside the authority granted, you may be liable for any
damages caused by your violation.
If there is anything about this document or your duties that you do not understand, you
should seek legal advice.
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