Q: I have a brother who is 86 yrs old and has dementia.
He is living at the Advantage living center in Warren, Mi. He has Medicare and Medicaide. He is an indigent with no assets and his only income is soc. security of $1358.00 per mo. of which Advantage L.C. takes $1298.00 per mo. leaving him with only $60.00 per mo. for personal needs. If I take on the duties of court appointed conservator or guardian, am I responsible for any financial debts he may incur
A:
No, you wouldn’t be personally responsible for the protected individual’s debts unless you co-signed for him, signed a personal guarantee, or you signed him up for financial obligations knowing he couldn’t pay (fraud). If you mismanage the protected person’s money, you could be liable to him or his estate.
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