3 ms·

Selling the house of a deceased relative seems to be a common existing ritual, no? This objection might be stronger if it were more fleshed out.

• harimau777 7y ago
  I think the problem could arise in the case of things like heirlooms or homes that have been in the family for years. I think you might also need to write the law so that people could choose to inherit debt on the same terms as their parents. Otherwise, couldn't the bank demand a higher interest rate as a way to force someone off of their property? How does this sort of thing work currently?
  • MiroF 7y ago
    Realistically, a law like this (though it would never happen) would be something along the lines of 100% tax on inheritances over 10 million dollars. > I think you might also need to write the law so that people could choose to inherit debt on the same terms as their parents. I assumed that this was already the case. quick e: Yeah, seems like this is already law "Under federal law, lenders must allow family members to take over a mortgage when they inherit residential property" [0] https://www.thebalance.com/what-happens-to-your-mortgage-when-you-die-4158246 https://www.thebalance.com/what-happens-to-your-mortgage-whe...