Sunday, 30 September 2012

Liability of power of attorney for debts incurred by his father

whether I will be responsible for my father's debt if I am acting as his power of attorney?
Ans- your father's debts should remain his debts. In general, you will be personal liable for debts you officially
incur on his behalf only if you:
  • agreed in advance to be personally responsible, such as by co-signing or guaranteeing a particular transaction
  • are liable for the debts because of another legal relationship that results in a duty of support, such as you claim your father as a dependent
  • negligently caused the debt, or
  • acted beyond your legal authority as guardian or conservator in incurring the debt.
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