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My daughter has terminal cancer and has moved into our home. She wants me to sign as co-owner of her checking account so I can pay her bills when she is no longer able. Will that make me liable for her medical debts after she passes?
3 ANSWERS
General Law Attorney serving Cherry Hill, NJ
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Mark S. Cherry, Attorney at Law, PC
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Being on the bank account would not make you liable, but make sure you do not co-mingle your funds. Also, you should be a signatory only. Liability for her medical debts would be based on guarantees you sign with the providers or certain statutes that hold certain people responsible.
Answered on Aug 15th, 2013 at 9:50 AM
Debt Collection Attorney serving Chicago, IL
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Edelman, Combs, Latturner & Goodwin, LLC
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If your daughter is of age, no.
Answered on Aug 14th, 2013 at 4:04 PM
Business Law Attorney serving Bingham Farms, MI
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James T. Weiner, P.C.
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As a mere co-signer on her accounts you should not be liable unless you use that power to pay yourself funds.
Answered on Aug 14th, 2013 at 4:03 PM