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| Estate Plan Express Smart Tip - POA Gifting: |
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Unless your power of attorney form specifically states that the attorney-in-fact ("AIF") has gifting powers, Ohio law prohibits the AIF from making gifts. Gifting powers can be written in many different ways -- e.g., to include gifts to the AIF, to exclude gifts to the AIF, to limit gifts to the greater of $5,000 or 5% of the estate, or to limit gifts to only those made with another person's consent.
With Estate Plan Express, you'll never forget to include gifting powers in a power of attorney. With the click of a button, you pick the gifting power you want, and voilà -- you've automatically customized your client's document.
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