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About Check Signer's Rights and Liabilities

My friend's son owns a business in Florida. He wants her to be able to sign checks in case he is disabled or dies. Will she be responsible for any of his problems or debts?


Generally speaking, if a parent signs on the business account, or her son's personal accounts, for that matter, only as an authorized signer and not as an owner of the account or of the business, she would not be liable for her son's obligations. Her only responsibility would be to the business or her son, for her actions on the account.

Published on BankingQuestions.com 5/26/09