If your mother is competent she is able to appoint an agent by use of a Power of Attorney. Illinois statute prescribes a statutory form for a Power of Attorney for Healthcare wherein an agent is appointed and granted authority to make medical decisions for the principal. Illinois statute also prescribes a statutory form for a Power of Attorney for Property wherein an agent is appointed and granted authority to deal with the assets of the principal. Your mother could sign the statutory form power of attorney and appoint you as her agent for healthcare and property. This would give you authority to act on her behalf. When you are acting as her agent under a power of attorney for property you are able to deal with her assets and incur liability for which she is responsible. Provided you undertake actions that are in her best interests and under the authority granted in the power of attorney, and not individually, you will not be responsible for her debts. The power of attorney must be executed by your mother and you must sign checks and papers as her agent. Your mother's assets will be subject to creditor claims. Assets of your mother that are held jointly with you may also be subject to creditor claims under certain circumstances.
Answered on Dec 13th, 2013 at 4:00 PM