Is a power of attorney agent liable for the principal's debts?

Full question:

Is an agent appointed as power of attorney responsibile for debts obtained by principal?

Answer:

If the power of attorney allows the agent to perform a specific act, the agent is not personally liable for that act unless the contract states otherwise.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

A legal power of attorney typically cannot make decisions about the principal's healthcare if they have not been granted that authority, change the principal's will, or make decisions regarding the principal's marriage or divorce. These limitations ensure that personal and sensitive matters remain under the principal's control.