To: theFIRMbss
ummm no.
You can’t bequeath debts.
You can voluntarily pay someone debts who has passed. Generally the only reason this is done is so that the assets that are encumbered by the debt is freed up, or to close out probate.
In this case, the poor kid had no assets, and the debt was only in his name.
The parents have zero responsibility to pay those debts.
20 posted on
01/15/2009 10:32:50 AM PST by
dman4384
To: dman4384
>You cant bequeath debts. You can voluntarily pay someone debts who has passed. Generally the only reason this is done is so that the assets that are encumbered by the debt is freed up, or to close out probate. In this case, the poor kid had no assets
Yeah, I should have said
my mom's estate must pay off
the debts. If this kid
left no assets and
the parents didn't co-sign,
the debts are just gone . . .
To: dman4384
Yep. Death usually wipes out debts owed. And no one else is obligated to pay them, if they were contracted by the decedent.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
59 posted on
01/15/2009 11:04:50 AM PST by
goldstategop
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