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Ladyhawk (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 12:56 PM Original message |
Can family be held responsible for credit card debt if I die? |
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truebrit71 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 12:57 PM Response to Original message |
1. No. |
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vadawg (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 12:58 PM Response to Original message |
2. i always believed unsecured debt is your debt, not your family's |
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SoCalNative (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 12:58 PM Response to Original message |
3. If their name isn't on the account |
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Captain Hilts (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 12:59 PM Response to Original message |
4. No, but your estate is. If you can afford to pay, you generally have to. Credit card folks |
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the other one (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 12:59 PM Response to Original message |
5. NO, but they will sure as hell try to get it from them anyway |
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Captain Hilts (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 12:59 PM Response to Reply #5 |
6. Exactly right. Your estate has to pay, but no one else. nt |
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gateley (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:00 PM Response to Original message |
7. You have to live within your means - and pay down your credit cards. |
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NYC_SKP (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 10:43 PM Response to Reply #7 |
49. Oh, You are BAD!!! |
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ellenfl (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:00 PM Response to Original message |
8. no . . . and don't let the cc companies try to get money |
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liberalhistorian (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 02:08 PM Response to Reply #8 |
31. A spouse is not automatically liable for a deceased's spouse's |
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quiller4 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 09:09 PM Response to Reply #31 |
43. Washington is a community property state . n/t |
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lapfog_1 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:01 PM Response to Original message |
9. It depends. |
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Fresh_Start (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:02 PM Response to Original message |
10. depends |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:03 PM Response to Original message |
11. A lien will be placed against your estate |
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wolfgangmo (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:18 PM Response to Reply #11 |
19. Best idea on here. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:56 PM Response to Reply #19 |
26. If it is anything of substantial value be sure to use a lawyer. |
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RB TexLa (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 10:21 PM Response to Reply #11 |
47. Most states has to be a year before you die. Or it will be part of the estate. |
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robinlynne (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:04 PM Response to Original message |
12. no. not that debt or any other debt. My father died leaving bills, and we were not liable for any |
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GreenStormCloud (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:04 PM Response to Original message |
13. In the U.S., No they can't be held responsible. |
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Bunny (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:06 PM Response to Original message |
14. The answer you seek is in your own article: |
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nykym (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:07 PM Response to Original message |
15. From what I have been told |
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Crabby Appleton (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:09 PM Response to Original message |
16. Family no, estate yes |
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JVS (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:11 PM Response to Original message |
17. The only things they can take would be things of value left behind by you. |
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forum slut (88 posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:13 PM Response to Original message |
18. You need to speak with a lawyer about estate planning. You can definitely screw the CC companies tho |
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southernyankeebelle (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:31 PM Response to Original message |
20. I don't know if they can do it. I would check with a lawyer. I don't know if they do it |
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The Midway Rebel (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:39 PM Response to Original message |
21. Anecdotal story here... |
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iceman66 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 02:56 PM Response to Reply #21 |
36. I wonder what they did with the dog! |
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The Midway Rebel (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 08:40 PM Response to Reply #36 |
39. We always wondered too. Best guess: sold to a lab. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:40 PM Response to Original message |
22. No, but they may try hounding your family members about this, playing on |
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saracat (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:44 PM Original message |
No they are not.But protect what asserts you may have by putting them all in a trust. |
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MajorChode (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:44 PM Response to Original message |
23. The answer is YOU will still be held responsible, even after your death |
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kestrel91316 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:51 PM Response to Original message |
24. NO. Your debts die with you. Your estate is liable, but if it has no money, |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:54 PM Response to Original message |
25. No BUT YOUR ESTATE will have to pay if it has means (from say a house or life insurance policy) |
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Bunny (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 01:57 PM Response to Reply #25 |
27. I don't think you're correct regarding life insurance. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 02:03 PM Response to Reply #27 |
29. You likely are right about that... |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 02:02 PM Response to Reply #25 |
28. Forgot to add. Real estate can be complicated. |
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liberalhistorian (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 02:12 PM Response to Reply #25 |
33. No, no, no, they CANNOT take life |
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Xithras (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 03:02 PM Response to Reply #33 |
37. Except in a community property state, if the spouse is the beneficiary. |
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quiller4 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 09:12 PM Response to Reply #37 |
44. That treatment of life insurance proceeds varies. In Washington |
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Swede (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 11:59 PM Response to Reply #25 |
53. A life insurance payout is not your asset,it is the beneficiary's.. |
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liberalhistorian (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 02:05 PM Response to Original message |
30. The short answer is a qualified NO. |
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Xolodno (310 posts) Send PM | Profile | Ignore | Tue Oct-20-09 02:10 PM Response to Original message |
32. Nope.... |
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liberalhistorian (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 02:16 PM Response to Reply #32 |
35. FYI, they cannot take or garnish her social |
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AlienGirl (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 02:14 PM Response to Original message |
34. Just make sure to protect your pets by getting ownership out of your name! |
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Ladyhawk (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 08:05 PM Response to Reply #34 |
38. Thanks. You thought of Gabby. :) |
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AlienGirl (1000+ posts) Send PM | Profile | Ignore | Wed Oct-21-09 12:35 AM Response to Reply #38 |
56. The Velociraptor of Cuteness is doing well, still plottin' to take over the world! |
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Generic Brad (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 08:43 PM Response to Original message |
40. They will never let you rest in peace |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 08:57 PM Response to Original message |
41. What you owe will be deducted from your estate |
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arthritisR_US (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 09:02 PM Response to Original message |
42. No! Neither your mother or brother can be held responsible. n/t |
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quaker bill (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 09:15 PM Response to Original message |
45. Yup, they certainly can |
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Swede (1000+ posts) Send PM | Profile | Ignore | Wed Oct-21-09 12:00 AM Response to Reply #45 |
55. By term insurance instead,it is more cost effective. |
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Bonobo (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 09:23 PM Response to Original message |
46. Nope, but your "estate" is responsible. |
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cynatnite (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 10:37 PM Response to Original message |
48. My sister and I weren't held liable for our father's credit card debt when he died. n/t |
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forum slut (88 posts) Send PM | Profile | Ignore | Tue Oct-20-09 11:37 PM Response to Original message |
50. you need to talk to a lawyer. The credit card companies can fuck your beneficiaries |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 11:54 PM Response to Reply #50 |
51. If her estate has value she can't avoid paying debt after death |
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forum slut (88 posts) Send PM | Profile | Ignore | Wed Oct-21-09 12:00 AM Response to Reply #51 |
54. not entirely true. Credit Card debt can disapear if it is done right. |
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akbacchus_BC (1000+ posts) Send PM | Profile | Ignore | Tue Oct-20-09 11:56 PM Response to Original message |
52. No, your family members are not responsible for your debts especially |
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kenny blankenship (1000+ posts) Send PM | Profile | Ignore | Wed Oct-21-09 12:36 AM Response to Original message |
57. Not now maybe, but by the time you die it will be true |
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