Can a person who hold the Power of Attorney be held responsible for bills not paid? For example, if you are named the Power of Attorney for a friend so you go about your duties of trying to for the person's bills,etc. while the other person is unable. Then, if let's say, there are really large hospital bills the other person has outstanding, can the hospital then go after your own personal finances you to pay the hospital bills since you hold the power of attorney? Or is that a not "allowed to do" on the hospital's part?
Thanks.
2006-10-12 00:45:14 · 4 answers · asked by QueAndAy 1 in Business & Finance ➔ Personal Finance
I was power of attorney for a friend.You will not be held responsible for any of their unpaid bills. It should tell you in your paper work.Pay as much as you can( with their money).Just like if they were paying their own bills.Good luck it is a hard job! p.s. call your attorney he will help you
2006-10-12 01:02:05 · answer #1 · answered by tennesseemom 2 · 0⤊ 0⤋
A power of attorney can be either springing or general. The difference is that a springing power comes into being upon the occurance of an event while a general power is in estitance once it is signed.
A power allows the holder to act in the capacity of the grantor of the power when dealing with the grantors assets. It does not expose the power holders assets unless it can be shown that the power holder acted on their own behalf, diverted assets to their own use or some other fraudulent activity.
2006-10-12 07:57:44 · answer #2 · answered by waggy_33 6 · 0⤊ 0⤋
wow dude I'm the son of an Alzheimer's patient and my sis has P.O.A. it has limitations the person HAS TO take care of the well being of the patient and..... has to pay bills like th heat water and ;lights to provide a reasonably good life fro the person in question . there are Web places that can help you .
also there is revocation of P.O.A. yes you can revoke poa privileges if.. if... they do not perform their part of the the agreement god bless you go to to google google P.O.A. and i hope you get all the info you need the have poa revocation forms on line you can down load
sorry i wanna say soo much good luck god bless you and protect you and your family and friends ok
2006-10-12 08:00:15 · answer #3 · answered by windyctlvr 2 · 0⤊ 0⤋
Power of attorney should state what specifically you have power over.
2006-10-12 07:48:02 · answer #4 · answered by hirebookkeeper 6 · 0⤊ 0⤋