An Ohio revocation of power of attorney form is used to officially cancel a previously granted power of attorney. By filling out and signing this form, a principal can revoke the authority of their agent and maintain a record of the termination. It is recommended to handle this revocation in writing to avoid disputes and ensure all parties, including any affected agents and entities relying on the original POA, are properly informed of the change.
Legal Considerations
Statute – §§ 1337.05, 1337.14 & § 1337.30(A)(3).
Definition – § 1337.30.
Signing Requirements – None specified by law, however, a Notary Public acknowledgment is recommended.
Revocation and Termination
To revoke a Power of Attorney (POA) in Ohio before its expiration, follow these steps:
- Create a Written Notice: Draft a notice of revocation including the principal’s name, the agent’s name, and the date the original POA was signed. This document must be signed and dated by the principal.
- Deliver the Notice: Deliver the revocation notice to the agent either in person or via certified mail to ensure proof of delivery.
- Notify Third Parties: Inform any third parties, such as banks or financial institutions, that the agent’s authority under the POA has been terminated.
- Record the Revocation (if needed): For durable POAs, record the revocation at the local county recorder’s office where the original POA was filed.
Fees
- Notary Fees: In Ohio, notarizing a POA revocation costs between $5 and $10 per signature.
- Legal Fees: Consulting an attorney may be necessary for complex POA issues, with fees varying based on complexity and attorney experience. Charges could be a flat rate of $100 to $500 or hourly.
- Recording Fees: If the original POA was filed with a local Ohio County Recorder’s Office, the revocation should be recorded there too, typically costing $20 to $50.
