Legal Question in Business Law in Idaho
My parents are elderly and want to put me on their checking account so I can help them with their bills, etc. Would my being on their checking account make me, in any way, financially responsible for them ? For example, if they were involved in a car accident and were sued, could my personal assets be attached as part of a lawsuit? I want to help them, but do not want to be financially responsible for their actions.
1 Answer from Attorneys
Any attorney will say if you are just an authorized signer on their checking account, you will be fine. This is not making you a partner, etc. that might expose your to personal liability and you'll be helping your parents. Consult with an attorney in your area for specifics.
Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise
Franchise Attorney
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