Your debts cannot be transferred to your next of kin when you die, but they will need to be paid out from your estate before it’s disbursed to your family
Your estate refers to everything you own. If you own a car, it’ll be sold to cover your debts when you die. Same with your house, all of the food in it, your computer with all of your porn tabs still open, and even your signed vhs collection of rare midget scat porn from the 1990s. It all gets sold off to settle your debts when you die, before it can be distributed to your next of kin.
I’m not optimistic they’ll get much, but you raise a good point. Just the first editions of Bad, Bad Leroy Brown and Shitizen Cane are worth their weight in liquid gold to the right investor.
I would immediately buy everybody everything on credit, then die.
does credit not transfer
Your debts cannot be transferred to your next of kin when you die, but they will need to be paid out from your estate before it’s disbursed to your family
Ah, my estate. Yes, of course. My estate will certainly pay. 10 of your jumbo credit cards please.
Your estate refers to everything you own. If you own a car, it’ll be sold to cover your debts when you die. Same with your house, all of the food in it, your computer with all of your porn tabs still open, and even your signed vhs collection of rare midget scat porn from the 1990s. It all gets sold off to settle your debts when you die, before it can be distributed to your next of kin.
I’m not optimistic they’ll get much, but you raise a good point. Just the first editions of Bad, Bad Leroy Brown and Shitizen Cane are worth their weight in liquid gold to the right investor.
What if you sold all of your stuff and maxed out a bunch of credit cards to buy people stuff so you had no actual estate?
wdym ‘estate’, is this an infinite money glitch or not
https://lemmy.ca/comment/1976398