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Subject: "I'm talking about parent's debts. They got em.... I don't want em...." Previous topic | Next topic
FLUIDJ
Member since Sep 18th 2002
44638 posts
Tue May-02-17 09:01 AM

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11. "I'm talking about parent's debts. They got em.... I don't want em...."
In response to In response to 5


  

          

got enough of my own.

>my sister took over the car payments for my moms car and she
>didn't really have any other debts since she was renting at
>the time.

could she have just let the car go? Is that an option at all, or do you pretty much have to assume the debt because you're next of kin?

>We had an insurance settlement so that covered any other open
>bills like utilities.

My grandfather died several years ago....i think 5....I still see mail coming to my parents house in his name. I'm assuming it's utility bills and stuff...scared to even ask....

>I have no idea if there is a house involved that isn't paid
>off. Sell it or take over the payments seems like the most
>reasonable options.

This is my biggest worry honestly. Either option is going to cost money. And i'm the only sibling (out of 4) that is really in any position to be able to fund whatever it would take to settle this up.

>My dad didn't have any debts either besides utilities. I think
>you can send a copy of the death certificate and they just
>close the accounts.

if this is true, this would be helpful indeed. I guess I got to research it for myself. I just don't even know how to approach asking my folks how much debt their in.

>My grandfather had mad property and a nice amount of money and
>he told my mom if he knew the govt would take this much he
>would have spent more while he was younger.

Same here...and they squandered the shit out of it, and fcked it all up....don't even get me started.. smh....

"Get ready....for your blessing....."

  

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OKOlds: Talk to me bout yo Last Will and Testaments [View all] , imcvspl, Tue May-02-17 12:07 AM
 
Subject Author Message Date ID
its a simple solution to avoid issues in the future...
May 02nd 2017
1
in the past decade i've seen four families torn apart by rock solid wiil...
May 02nd 2017
2
      at the funeral home we gave my oldest sister power of attorney
May 02nd 2017
4
           Dont work that way.
May 02nd 2017
16
Question: How are debts handled? Real talk, my biggest fear
May 02nd 2017
3
pretty sure the school loans go away
May 02nd 2017
5
      This is odd...
May 02nd 2017
13
           yeah, my wife gonna be PISSED at me... i'm workin on it doe...lol...
May 02nd 2017
17
RE: Question: How are debts handled? Real talk, my biggest fear
May 02nd 2017
7
I'm pretty sure that there's more debt than assets in my case....
May 02nd 2017
8
      pretty sure those close when they die if there isn't enough money
May 02nd 2017
10
The debt will belong to the estate of the decedent.
May 02nd 2017
14
      If the estate has NO value though....what happens there??
May 02nd 2017
15
      Unless you've co-signed...
May 02nd 2017
18
           "otherwise named in some fiduciary capacity" <<<that scares me
May 02nd 2017
19
                Nah.
May 02nd 2017
20
                     ahh, ok. I see. Thanks! This def. gives me some things to look deeper
May 02nd 2017
22
      * I meant creditor rather than debtor.
May 02nd 2017
25
I was just talking to my in-laws about this
May 02nd 2017
6
it's not even about being old, everyone should have a will
May 02nd 2017
9
Worked in Trust & Estates for almost a decade...
May 02nd 2017
12
Here is my question
May 02nd 2017
23
      What?
May 02nd 2017
24
           RE: What?
May 02nd 2017
26
did a will and life insurance as soon as we had kids
May 02nd 2017
21

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