Financial responsibility of power of attorney?

June 18th, 2009 | by admin |
r826 asked:


Someone just told me if I accept as my dad’s POA, I can be held liable for his debt. Also if someone wants to sue him, they can get a judgment against me for my assets. This doesn’t sound right to me. Can someone tell me if this is true?

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    1. No Responses to “Financial responsibility of power of attorney?”

    2. By The Truth on Jun 20, 2009 | Reply

      They can’t personally sue you. Your dad is putting you in power of his assets. If someone wanted to sue him, you’d have to take time to defend his integrity and property. You might be held liable if you don’t do a good job representing him.

    3. By Francine M on Jun 21, 2009 | Reply

      For your parents debts although they may take it out of the estate.

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