Power of Attorney and financial liability
April 29th, 2016 by Questions
I have Power of Attorney for a relative who recently entered a rehab facility for some years due to severe addiction. There are bank debts and credit card debt. Is it acceptable to negotiate with these debtors to pay a percentage of the debt rather than the full amount? With whom in the TD bank organization and with the credit card group would I speak on the matter? Is it essential to have a trustee for the process? Is there any financial or other liability on me, the attorney during this process? Thank you.