Since my father has become ill we have set up a joint bank account with both our names so that I can help manage his finances. Can my own account be affected by any problems or issues that may result from the joint account with my father?
2006-12-27 12:05:13 · 2 answers · asked by Princess 1 in Business & Finance ➔ Personal Finance
yes. if he owes money you do not know about they can come after you sometimes. check with the laws of your state. if you have power of atty you can do the same thing without all the legal liability. go to www.findlaw.com to learn more. www.firstgov.gov and ask there too.
2006-12-27 12:13:19 · answer #1 · answered by CCC 6 · 0⤊ 0⤋
you may set up an account under the Uniform present to Minors Act. You grandma is purely not waiting to withdraw any of your money. in spite of the incontrovertible fact that, you is purely not waiting to withdraw any of that money the two until you're between 18 and 21. The age varies from state to state. this suggests which you would be able to deposit money to sustain for a vehicle, yet you is purely not waiting to purchase that vehicle until you're between 18 and 21.
2016-12-11 17:15:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋