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
1 Answer from Attorneys
Meyer Silber
The Silber Law Firm, LLC
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
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