If you become power of attorney or durable power of attorney for a family member, would you also incur responsibility of their debt and medical expenses?
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If you become power of attorney or durable power of attorney for a family member, would you also incur responsibility of their debt and medical expenses?
Is it necessary to take legal action to protect your personal assets?
Asked on December 16, 2015 under Estate Planning, Oregon
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
Power of attorney for financial affairs means that you are handling the person's financial matters, but are NOT personally liable for the person's debts.
Durable power of attorney for healthcare means that you are authorized to make medical decisions for the person, but you are NOT liable for the person's medical bills.
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