After you’ve been entrusted with the responsibility of managing the assets of a family member or friend (called the “ward), you may be feeling overwhelmed. Awareness of your new duties, how to perform them, and with whom can you consult will help ease you into this new position.
Read MoreYour words could hold your feet to a financial fire even if you haven’t signed an agreement for payment. A recent ruling from Ohio’s Court of Appeals found in favor of a long-term care facility stating that a signature on a contract is not necessary to find a third-party responsible for the long-term care bill of another.
After a $20,000 outstanding bill went unpaid, the representative who repeatedly offered assurances of payment, was put through her paces to deem if her merits warranted responsibility for the bill.
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