Legal Question in Credit and Debt Law in Texas

Ramifications with Power of Attorney

If a person does a power of attorney for a family member, and the family member is in major financial debt, will this debt affect the person's credit who's acting as the agent? Thanks.


Asked on 12/04/06, 4:46 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Ramifications with Power of Attorney

The attorney-in-fact is not responsible for the debts of their principle. It should have absolutely no affect on the agent's credit.

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Answered on 12/04/06, 5:12 pm


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