Hello - my elderly father has recently been diagnosed with dementia, which has progressed pretty quick of late. He is no longer able to live alone, and was recently moved to an Assisted Living facility. I am POA now for him, and have been going through his bills. I have discovered he has around $50K in credit card debt. He has no assets and only received Social Security as income, which now goes almost all to pay for Assisted Living.
How should I handle his Credit Card debt? There is no money to pay them. Should I ignore the bills? Notify the companies of his situation and request to close the accounts? Do nothing for now?
I want to ensure I am not responsbile for them as POA (I am 90% sure I am not), and also ensure they cannot touch his Social Security that goes for his payment of Assisted Living.