Welcome To The Company Store, 2013

[Charles]

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....

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

[Charles]

Originally Posted by finnbow

Becoming Muslim, are ya?

Sharia Law does have some good points.

Chas

[BlueStreak]

Originally Posted by icenine

I do not understand why workers would accept this. It would be better to just wait in line and get paid in cash like in the old days.

Because they have bills stacking up they need the job and they are desperate.

To some employers this presents opportunity. A "market condition" to be exploited shamelessly. We used to consider it despicable to "take advantage" of people in that fashion. Now, we cheer them on. Because we fear long term unemployment.

Dave

[icenine]

Originally Posted by Charles

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

thanks! Food for thought....my house is held in a trust, with my daughter as the main beneficiary when we are gone. I will buy all that Mcintosh stuff with plastic just before the two minute warning goes off lol