this post was submitted on 27 May 2024
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[–] [email protected] 8 points 5 months ago (3 children)

There goes my plan of maxing out credit cards on stuff to bequeath.

[–] [email protected] 23 points 5 months ago (1 children)

My dad did this. Was almost 70k in unsecured debt at the time of his death. I gave most everything away except his fishing stuff. He had so much shit.

Only one credit card company said “it’s good you are taking over the payments”. Told her I never agreed to that, just informing you of his death, and if they contact me again my Saul level lawyer is going to enjoy that lawsuit. Never heard from them.

Don’t ever assume the debt of someone else.

[–] [email protected] 5 points 5 months ago

Aw damn, I'm glad you knew better, that's downright predatory and should be illegal. You know there are people out there now paying their parents' credit card bills, thinking that that's just how things are. I hope that when those people find out, they are entitled to getting every penny back with interest.

[–] Passerby6497 13 points 5 months ago (1 children)

If you're gonna do that, give the shit away before you die.

[–] disgrunty 6 points 5 months ago (1 children)

And check your local inheritance laws. Some places will take pre-death gifts into account depending on how long the time between gift and death is. The UK, as an example, looks at gifts made up to 7 years before a person's death. It's messed up.

[–] [email protected] 3 points 5 months ago

In France there is a limit, about 30k every 15 years. It's not messed up, it's necessary if we want inheritance taxes to have any weight.

[–] Kyrgizion 3 points 5 months ago (1 children)

Buy physical gold & hide it (and well, not just in the house).

What are they going to do? Sue your descendants for something they can't prove?