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Reply to "Is there a downside to becoming power of attorney?"
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[quote=Anonymous]I agree with 15:01. My DH had POA established for his father and we are so very glad we did because when he had his stroke, it was ssooooooo much easier to get things done. It's well established in case law that an agent acting in good faith cannot be held financial responsible for the debts of the person they hold POA for. Please note, though, if you ever sign documents on his behalf, you should always follow your name with "POA for....". That way it's clear that you're signing as the agent for the person and not for yourself. We were actually sued by a service company but, representing ourselves, won the case because DH had indicated on the document he was signing as POA. Good luck.[/quote]
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