Tag: cleveland financial power of attorney lawyer

Is My Old Financial Power of Attorney Still Good?

In May 2012, Ohio’s version of the Uniform Power of Attorney Act became effective, which made many older financial power of attorney forms ineffective.

A Financial Power of Attorney gives an individual of your choice the authority to make financial decisions and perform financial transactions on your behalf.

Without an effective Financial Power of Attorney in place, should you become incompetent, a loved one would have apply to become a court appointed guardian to assist you with your finances. The court process to be appointed guardian generally takes a minimum of a month and a half and … Read the rest