My name is Ely and I am another expert at JustAnswer. Your previous expert has opted out and I have opted in.
A Power of Attorney (POA) is very simple. All that she has to do is to sign one and have it notarized and you can use that POA as necessary. The signer of the POA is called the PRINCIPAL and the holder of the POA is called the AGENT.
You can find a sample POA here
. Of course, she would have to fill in the details of what action(s) she authorizes you to execute. She can be as broad or as specific as she wishes.How would this jeopardise me personally should anything go wrong?
Generally speaking, no
. You being an AGENT, the agent is not responsible for the PRINCIPLE's debts/obligations under agency law. You are simply acting as the agent for her, i.e. an extension of her. She remains liable for the agreements that her agent (i.e. you) make for her. Kolstad v. American Dental Assn., 527 US 526 - Supreme Court 1999
. You are not liable unless you abuse your powers of agency and make a decision that was not authorized or completely and utterly outside the scope of the POA. If so, she can pursue you for the liability that you have placed on her. I am also
a director on her two companies which are limited companies and registered in
Gibralter. The reason that I am asking for POA is so that any other director of her
companies does not override decisions that have been reached by her and which I am acting on her behalf.
Understandable. The answer stands as is when applied to this matter as well.
I hope this helps and clarifies. Good luck.
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