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Your debts do not pass to your children when you die. The worst that happens is that the debts are paid out of the child's inheritance.
by droffel 11y ago
Your debts do not pass to your children when you die. The worst that happens is that the debts are paid out of the child's inheritance.
- pc86 11y agoNot always the case. Pennsylvania for example does have filial responsibility laws where under very specific circumstances debt incurred by the parents can be transferred to the children. One example is nursing home/end of life care, regardless of whether or not the child had any role in it. Source: I live in PA. My elderly parents live in PA.
- beeboop 11y agoI looked into this because I thought it was a little odd. The only precedence I can find of this is a single lawsuit, the PDF of which is here: http://www.pacourts.us/assets/opinions/Superior/out/A36025_11.pdf http://www.pacourts.us/assets/opinions/Superior/out/A36025_1... This really doesn't have anything to do with inheritance, especially so since his mother wasn't (and presumably still isn't) deceased. It has to do with some states having laws requiring parents/children, who have the means to do so, to support their child/parent who is poor or otherwise incapable of supporting themselves. In this court case, the child was found to be financially capable and also legally liable for supporting his mother. Because of this, he was found responsible for paying off the debt, but only as he was capable of doing so. If the son in this case only made the national median income, had a large family to support, and didn't have any wiggle room in his budget, he very likely would not have been found liable for this debt.
- hardcandy 11y agoI think he meant a loan secured by property that the kids would otherwise expect to inherit free and clear.