Legal Question in Banking Law in Louisiana
My 81 year old father and I have a joint checking account, and he still drives.If he gets in an accident and gets sued,can my assets (checking,saving,house) also be sued?
1 Answer from Attorneys
Dear Law Guru Friend,
I assume you are in Louisiana and your father too, as well
as the checking account and your property. No, you are
not responsible for his acts; that is, unless he might be driving
the car, say on a joint mission for you and him jointly and/or
exclusively as your agent and on your behalf. Of course, this
is why you and he carry personal automobilie liability insurance,
or should do so. Further, having a joint account with him does
not make him your agent, nor does it make you responsible for
his negligent acts. Of course, if he would get sued and get an
adverse judgment against him, his funds in the account could
be seized; and the best guess is that all funds held in a joint
checking account are considered just as much one account holder's
as the others. There is more to it all than this, but this is something
to think about. E-mail me your name and phone number, if you
would like to discuss this further; and I will call and/or e-mail
you back.
Sincerely,
Hardy Parkerson, J.D.
Lake Charles, LA
[Retired Lawyer After 41 Years of Actice and Successful Law and Trial Practice]
337-377-6086 (cell)-would prefer your phone number so I can call you on the house phone.
P.S.: There will be no charge for my consultation on this matter. HMP, J.D.
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