If I gain power of attorney of my grandfather am I responsible for debts that were incurred in his name without his knowledge? I know of a 5...

Question

If I gain power of attorney of my grandfather am I responsible for debts that were incurred in his name without his knowledge? I know of a 5K credit care but there could be more. He can not read or write so I am unsure what debts may be floating around.

Answer

How could debts be incurred without his knowledge"? By whom? By having a power of attorney for finances, as agent, you are only liable to use your grandfather's property for his benefit. You use his money for his bills. You are not personally liable for your grandfather's debts unless you sign something making yourself personally liable.