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Are you financially liable if you accept Power of attorney over a distant relative?
No. A POA gives you the authority to act for them on their behalf and at their direction. It creates no liability on your part unless you misuse it.
Who is liable for tree due to storms in neighbors car?
No one is financially liable for acts of nature.
Does having power of attorney for someone incarcerated make you financially liable?
You are not personally responsible for any debts or obligations incurred by the incarcerated person. HOWEVER, the POA makes you a 'steward' of that person's property and if you squander or 'waste' it while administering it you could be held liable.
Who is liable for tree falling on neighbors car due to storms?
No one is financially liable for acts of nature.
Can a Power of Attorney be held liable for a principal's debts?
Under normal circumstances, no. An attorney-in-fact only acts on behalf of the principal and signs for the principal as the principal would act on their own and sign legal documents on their own. The attorney-in-fact has no personal responsibility for the debts of the principal.
If you have durable power of attorney are you responsible for the debtors after death?
If the attorney-in-fact is responsible for paying the principal's bills there may be an investigation if there are unexplained unpaid debts remaining after the death of the principal a court can order an accounting and the attorney-in-fact will be required to provide a record of all the money that came into the principal's (living) estate and an account of all the money that went out. An attorney-in-fact who mishandles a principal's assets will be held personally liable for damages and repayment and may face criminal charges. An attorney-in-fact who performs their duties properly is not personally responsible for any debts of the principal unless they agreed so in writing.
Is an attorney-in-fact an attorney?
An attorney-in-fact is an agent of the person giving him/her the power of attorney to act on his or her behalf.
Does a Power of Attorney grant the right to write a will for the principal?
No. An attorney-in-fact cannot write a will for the principal.No. An attorney-in-fact cannot write a will for the principal.No. An attorney-in-fact cannot write a will for the principal.No. An attorney-in-fact cannot write a will for the principal.
Will power of attorney be liable for existing loan?
No. A power of attorney is only an authority to act on your behalf while you are living.
What is an attorney-in-fact?
An attorney-in-fact is an agent of the person giving him/her the power of attorney to act on his or her behalf.
If you were defrauded by a mechanic at Midas is the company financially liable?
He is representing Midas and is an employee, so of course they are responsible.
What is the age that a person is financially liable for medical bills in Alabama?
When they are the legal age of majority which in Alabama is 19.
