Does anyone know if by signing a power of attorney, you acquire that person's debt? - signing as power of attorney
For example, if someone gives me the POA to acquire debt would also be that the person should something happen to this person? Should I repay their loans, credit cards, etc? Thank you!
Saturday, January 23, 2010
Signing As Power Of Attorney Does Anyone Know If By Signing A Power Of Attorney, You Acquire That Person's Debt?
7 comments:
No
So should you for their business.
They do not take anybodies the debt, or if your money with the title, if you have died.
Simply, he was in his will.
Too often, the lawyers a proxy for the people and do a job, money, and not when the debt has been sent to them.
No
So should you for their business.
They do not take anybodies the debt, or if your money with the title, if you have died.
Simply, he was in his will.
Too often, the lawyers a proxy for the people and do a job, money, and not when the debt has been sent to them.
use not only in a position to guarantee their assets to pay debts. If the person is a net creditor position is not responsible for their personal debts.
Otherwise appoint Warren Buffett as my POA
You are not liable for legal fees-in-fact of existing debt.
not only that the proper care of their accounts and can not go, because the POA
No, you get the chance to sign on behalf of the person as a representative under the conditions mentioned in the document Action Plan.
In fact, if you borrow money on its behalf, whether in the areas of competence to settle the debt.
only his own business ... not acquire debt on your own .. has the legal authority to buy or sell, what in your name .. and pay the bills ... depending on what kind of power is ... if a general can do nothing .. People pretend to be a particular lawyer, handles only able to do things to cover to .. They say this is so that if your man ...
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