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If a parent takes responsibility for making financial decisions for their incarcerated schizophrenic son could the parent be held liable in a wrongful death lawsuit against the child?
Wiki User
∙ 18y ago
Persons who are the legal guardians and/or conservators for minors (who are not their biological children) or adults who have been deemed legally incompetent cannot be held responsible for the actions of their ward. Nor is the guardian/conservator responsible for repayment of debts beyond the financial resources of said ward. However, a person accepting such responsibility must have power of attorney or have been appointed legal guardian and/or conservator by the court. Without such they cannot legally oversee any issues pertaining to the financial or personal affairs of the minor or incompetent adult. (A minor cannot grant power of attorney to another person.) Parents are generally held responsible for the actions of their minor child(ren) unless a court rules otherwise; or there are extentuating circumstances that supercede the established laws governing the issue.
Wiki User
∙ 18y ago
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Discuss the importance of social responsibilities and financial decision making?
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A winning lotto ticket
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What are the Importances of Financial Decisions?
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What are the financial management decisions?
newdiv
What are the important financial decisions?
jaat
What are financial management decisions?
newdiv
Who makes decisions on financial management issues?
Financial Management Board
