Yes. There could be personal liability if you engage in self-dealing, fail to maintain good records, co-mingle funds, convert the principal's assets to your own use or mis-manage the principal's assets.
The type of attorney that handles product liability claims is acatually a product liability attorney!
As a power of attorney, you may face risks such as potential financial exploitation, legal liability for decisions made on behalf of the individual, and conflicts of interest. It is important to act in the best interest of the individual and follow legal guidelines to mitigate these risks.
Anyone can be appointed as a power of attorney. The only requirement is trust and being an adult.
A medical power of attorney allows you to make medical decisions for someone else when they are unable to do so for themselves. Nothing else.
Then you do not have to be, you can either sign a power of attorney revocation form if you already have authorized a POA form or you can just not sign the POA form if you are being asked to be power of attorney.
You can decline to act as attorney-in-fact.
There is no payment normally associated with being a power of attorney. It is normally a relative looking after a loved one.
Attorney product liability is any attorney who can help in a case where a consumer has been injured or harmed otherwise by a defective product.
A PLC attorney is an attorney with a limited liability professional corporation. The PLC will be assigned to all attorneys in the group.
No, a power of attorney cannot delegate their authority to another power of attorney.
The person being given power of attorney must be at least 18 years old.
A power of attorney can do anything that the person who granted it can do. It is usually granted in cases that are not contested. If a question arises about the transaction not being in the best interest of the grantor of the power of attorney a lawsuit or criminal action may occur.