Ohio § 1337.52

§ 1337.52.

(A) As used in this section, “ estate, trust, or other beneficial interest ” means a trust, probate estate, guardianship, conservatorship, escrow, or custodianship

or a fund from which the principal is, may become, or claims to be entitled to a share

or payment. (B) Unless the power of attorney otherwise provides, language in a power of attorney

granting general authority with respect to estates, trusts, and other beneficial interests

authorizes the agent to do all of the following: (1) Accept, receive, receipt for, sell, assign, pledge, or exchange a share in or payment

from an estate, trust, or other beneficial interest; (2) Demand or obtain money or another thing of value to which the principal is, may become,

or claims to be entitled by reason of an estate, trust, or other beneficial interest,

by litigation or otherwise; (3) Exercise for the benefit of the principal a presently exercisable general power of

appointment held by the principal; (4) Initiate, participate in, submit to alternative dispute resolution, settle, oppose,

or propose or accept a compromise with respect to litigation to ascertain the meaning,

validity, or effect of a deed, will, declaration of trust, or other instrument or

transaction affecting the interest of the principal; (5) Initiate, participate in, submit to alternative dispute resolution, settle, oppose,

or propose or accept a compromise with respect to litigation to remove, substitute,

or surcharge a fiduciary; (6) Conserve, invest, disburse, or use anything received for an authorized purpose; (7) Transfer an interest of the principal in real property, stocks and bonds, accounts

with financial institutions or securities intermediaries, insurance, annuities, and

other property to the trustee of a revocable trust created by the principal as settlor; (8) Reject, renounce, disclaim, release, or consent to a reduction in or modification

of a share in or payment from an estate, trust, or other beneficial interest.