SUCCESSIONS

Ohio’s New Durable Power of Attorney Law

On December 21, 2011, Governor Kasich signed Senate Bill 117 into law. The bill became effective March 21, 2012. In addition to changes in state trust and probate laws, the bill adopts the Uniform Power of Attorney Act (UPOAA) with a few additions that are specific to Ohio. As a result, financial advisors can add value to their clients by making sure their client’s POA’s are updated to reflect the changes in the law.