What are the requirements for a valid “power of attorney” in Ohio?

In Ohio, a valid power of attorney must be in writing, signed by the principal, and either notarized or witnessed by two individuals. This requirement ensures that the principal's intentions are clear and properly documented, which helps prevent any disputes regarding the authority granted to the agent. Notarization adds an additional layer of authenticity and serves as a safeguard against potential fraud or coercion.

The necessity of the document being in writing stems from the importance of the powers being conveyed, as they can affect legal and financial decisions significantly. The dual requirements of either notarization or witnessing are meant to protect the interests of the principal and ensure that the document is executed in a manner that reflects the principal's true wishes.

The other options lack some crucial elements needed to establish a valid power of attorney under Ohio law. A verbal power of attorney is not legally recognized, and while filing with the state government is not required for a power of attorney to be valid, the presence of notarization or witnesses is critical for ensuring its enforceability. Thus, the correct answer encapsulates the comprehensive requirements needed for establishing a legally sound power of attorney in Ohio.