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Would holding a financial power of attorney for my mother ever put my own assets in jeopardy (barring fraud of course)?

Clemmons, NC |

My mother, age 96, is in a nursing home. I handle all her financial obligations using her own bank account. If, say, she were ever sued (very remote..but?), would my personal assets be in jeopardy by virtue of I being her financial power of attorney?

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Attorney answers 1

Posted

If you were not personally liable in some way, merely having your mother's power of attorney would not place your own assets in jeopardy.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

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