Legal Question in Wills and Trusts in Massachusetts
Power of Attorney & responsibility of debt
If you take full financial power of attorney of someone, does their debt become your own?
Asked on 2/28/06, 3:08 pm
1 Answer from Attorneys
Re: Power of Attorney & responsibility of debt
Generally, some one acting as an attorney in fact (under a power of attorney) is not responsible for the debts of those persons whom they are acting as an attorney in fact. This assumes you have disclosed you are acting as an attorney in fact when entering into agreements for the Debtor and you are acting within the scope of your powers. More simply put Generally there is no personal liability for a debtors debt when you are acting as their attorney in fact.
Answered on 3/03/06, 7:16 pm