can i be responsable for my parents credit card debt if i have power of attorney
Asked on 6/16/10, 10:28 am
2 Answers from Attorneys
Raymond LaBella
LaBella Law, P.L.
In a word, no. A Power of Attorney creates the ability for the attorney-in-fact (you) to act on behalf of the principal (your parents). It allows you to bind them to contracts and conduct their financial affairs. It does not generate personal liability for you, except insomuch as you may have acted outside of your authority pursuant to the terms of the Power of Attorney. Even then, though, the only person who could make a claim against you would be your parents.
Answered on 6/17/10, 4:24 am
Lucreita Becude
Lucreita D. Becude, P.A.
Only if your parents sue you for acting outside of your authority.
Answered on 6/17/10, 9:23 am
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