How can I be held responsible for my sick son's debt?

Full question:

I am Power of Attorney for my son who was ill but is now better. He has an outstanding debt from a home equity loan. I received a judgement from the debt collector that I am named as a defendant in the paying of this bill. How can that be possible. I have signed nothing of his. I was just handling his affairs while he was sick.

Answer:

It depends on whether you signed anything personally. Otherwise, naming you could be as POA for the Son. But you need to seek counsel to resolve.

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FAQs

Being a power of attorney (POA) carries several risks. If you make decisions that lead to financial loss or liability, you could be held accountable. Additionally, if you fail to act in your principal's best interests, you may face legal consequences. It's crucial to understand your responsibilities and limitations, as well as the potential for personal liability in certain situations.