Quote:
Originally Posted by icenine
When you die can they get your credit card debt?
Say your house is paid off and you leave it to a child...will they come after the child for the unpaid balance? Can they? I know it is unsecured debt....
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They won't come after the child, but they will come after the house...unless the child takes possession before your death. You might also be able to take a lien against the property and place it in both of your names. I know Florida used to be a popular place to go belly up, as it's bankruptcy laws allowed one to hold an inordinate amount of real property while shielding one's self from his creditors. I think the laws may have changed on this, though.
But done correctly, you can still give the money changers a good screwing from beyond the grave. Just talk to a lawyer and an accountant first, so that you do it right.
A thought which has just brightened by day!
Chas
07-28-2013, 04:45 PM
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