Hello, I am hoping that someone can point me in the right direction?
Is there such a thing as protecting myself from my father's debt? I don't know the extent of his financial difficulties but I don't want to become liable for any debt he can't pay should a situation arise where he can't pay back money he owes. I am his next of kin. He has a partner and young son, but they are not married and live in another country.
He frequently travels to stay with his partner and son in a foreign country where he is not entitled to free healthcare. He also does not have health insurance.
He is in his later years and should he have to have treatment, (he has had heart troubles in the past), he could end up owing tens of thousands. He would not be able to pay this.
Can they come after me for money he owes is the question? What steps can I take to protect my finances? I am not in a position to take on his debt, and have two children of my own to look after.
Thank you for any advice or information.