Legal Question in Business Law in New York

Power of Attorney
My husband has his own consulting/public speaking business, which is incorporated. Most of our household expenses are deducted from the business acct and the other expenses I absorb. My name is not on the business account and I'm concerned that if he were to becomes disabled or incapacitated, our expenses would be at risk. My husband does not want to put my name on the account but rather give me power of attorney.
What does it mean to be a POA?
What are the benefits and weaknesses to being POA?
If he were to get sued, as POA, can they go after me.
Can I sign checks?

Asked on 8/18/05, 12:38 pm

Meyer Silber The Silber Law Firm, LLC

0 users found helpful

0 attorneys agreed

Re: Power of Attorney

Please elaborate. What do you mean by your expenses would be at risk?

Answered on 8/18/05, 12:51 pm

Keywords

Match Any Match All

Country

State

Area of Law