QUESTION
What do I need to do to protect myself if my spouse is being threatened to be sued by his adopted brother?
Asked on Aug 26th, 2015 on Bankruptcy - Michigan
More details to this question:
He was his POA and spent $92,000 of his money. Some of it went to his brother while in prison and some since he has gotten out, $40,000 was a gift to my spouse, but I am worried about losing my house in which my spouse is not on payment nor deed. I also worry about my car. None of the money went to making house payment.
3 ANSWERS
Run to a lawyer. If your husband is a criminal, he may be charged, even though the person he stole from was doing time in prison. A POA gives a person the responsibility to manage someone else's money responsibility, not to spend it on themselves.
Answered on Sep 01st, 2015 at 5:02 PM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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A POA doesn't authorize making large gifts. Your spouse is going to have to repay the $40,000 gift, under the law that money is stolen.
Answered on Sep 01st, 2015 at 10:36 AM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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I cannot understand your question and therefore can only advise you to see an attorney will all of the details.
Answered on Sep 01st, 2015 at 12:07 AM