Legal Question in Elder Law in California
durable power of attorney
If my husband signs a durable power of attorney to take over his father's financial and medical affairs, will that make him responsible for his father's past debts? His father has a car that is behind in payments, and will most likely be repossessed, so will my husband be responcible for that debt? My husband has also recently added himself to his father's bank account, so will this repossession of the car affect my husband's credit standing?
2 Answers from Attorneys
Re: durable power of attorney
No, except possibly as to the bank account. Being a joint signatory on the account shouldn't affect the credit, but that is not a 'guaranty'. Ask the bank itself for their opinion; they're in the credit business.
Re: durable power of attorney
No, no and no
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