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Does modern debt actually die with you? I think creditors can sue your estate.
by ridgeguy 6y ago
Does modern debt actually die with you? I think creditors can sue your estate.
- ls612 6y agoYes. If your parents die in debt creditors can go after the estate but they can’t go after you for anything. At least in the US.
- monadic2 6y agoThis is disingenuous as it pretends that the capability of debt creditors matches that of their behavior.
- syshum 6y agoIt is not disingenuous, a person has no legal liability or obligations to pay a debt they did not incur It is up to you to understand and know the law, or hire someone that does
- syshum 6y agoYour Estate is still you, in the modern context you are a fictitious entity represented by your assets, debts and liabilities as well as a physical person. When your physical person ceases your fictitious entity remains and the executor of your estates is put in charge to close out that fictitious entity by settling any debts with any assets you may have, the remainder of the assets are then dispensed as declared by you, or by law I fail to see how this is in anyway not inline with my statement or creates the same kind of generational debt that plagued the past