Ohio Durable Power of Attorney
Because life is unpredictable, having a Durable Power of Attorney in place before a significant healthcare crisis occurs is the best medicine. Durable Powers authorizes another to act on your behalf should you be unable to do so.
A Durable Power of Attorney (DPOA) is a legal document wherein, the “principal” (the person creating the document) authorizes another, the “agent” or “attorney in fact”, to make financial decisions on behalf of the principal. The DPOA sets-forth the scope and nature of the authority granted to the agent. For instance, a DPOA authorizes the agent authority over the principal’s bank accounts, credit accounts, insurance, investment and brokerage accounts, real property, IRAs and retirement accounts, to name a few.
- It is very important to create a DPOA while you are healthy and of sound mind.
- Failing to have a DPOA in place will necessitate the filing of a Guardianship proceeding at probate court – an expensive and time-consuming endeavor.
- It is a misconception that a spouse has the same legal authority as a DPOA simply because they are married. By creating a DPOA ahead of time you can assure that your spouse has the necessary authority.
At Winkler Legal, LLC every estate plan we create includes a DPOA to ensure that your bases are covered should something happen.
Winkler Legal, LLC is Columbus, Ohio’s Durable Power of Attorney law firm.
Winkler Legal, LLC – Where Families Come for PEACE OF MIND
With knowledge and foresight, we assist our clients in being involved and informed in their unique decision-making process. We offer a wealth of information including videos, detailed blog postings on hot topics, informational articles, and comprehensive seminars to educate our clients. If you have any questions, we offer free consultations to discuss your personal needs.