L
la55cagirl Asked November 2014
As POA for my Dad, am I responsible for his credit card debt should he die before it is paid?
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Dad is 94. With VA Aid and Attendance monthly stipend, he is able to live in his home and pays for caregivers several hours a day. But there are several thousand dollars still owed him by VA in retro- pay. There was a glitch in the filing which has delayed the payment owed him for nearly 6 months now. It was denied at first but we have filed an appeal etc. While waiting for the A & A monthly that he now receives, Dad had to use a credit card to be able to pay his home bills and caregivers he needs. The intent was to use the retro pay to pay off the card. I am concerned he will never receive this retro pay which leaves a large credit card debt. As his only child and POA, will I be responsible for his debt after he dies?
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Labs4me Nov 2014
Absolutely not. POA responsibility ends upon death. Credit card company can go after any probated assets.
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pamstegma Nov 2014
When he dies, POA ceases and the Executor of the Estate takes over. If you are the Executor, look at the probate laws for your state about who gets paid first, second, third etc. If you do it in the wrong order, you (Executor) can be liable. AND there is a waiting period. Right now, here in NY I am waiting for any bills against my daughter to show up. I have to wait 7 months. Nothing can be distributed until after that.
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