Legal Question in Elder Law in Pennsylvania
Power of Attorney Obligations for Debt
If I assume power of attorney for a sickly, elderly parent, do I also assume liability for debts that are owed or that are possibly in default? If so, can I seek protections under bankruptcy law without having an adverse impact on my own credit standing?
Asked on 4/15/08, 2:00 pm
1 Answer from Attorneys
Hillary Snyder
Hillary N. Snyder, Esquire
Re: Power of Attorney Obligations for Debt
Good news. Assuming the duty of power of attorney for someone in no way makes you personally responsible to pay their debts from your assets.
If you have any additional questions, please feel free to contact me. [email protected] or 412.963.8495
Answered on 4/16/08, 11:43 am
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