Quote:
Originally Posted by Chatbrat
The Daily Sun should pull the plug on all adds for garage & estate sales immediately
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I think a lot of people don't see the big picture here. An "estate sale" is usually held after the estate owner dies. The government, utility companies, mortgage lenders, credit card companies, etc... want to get their money from the estate. Often upon death, all debts become immediately due in full.
Whoever inherits the estate, also inherits the debt unless an Executor is able to pay it off from bank assets. Once the actual monetary assets are depleted, the rest has to be handled so as to minimize tax responsibility and maximize whatever the beneficiary is allowed to receive.
The only way to do that is to sell the assets. That is what an estate sale is for. It's to get rid of things that belonged to someone who is now dead, so that the grandchildren aren't stuck with the burden of upkeep on things they can't or won't keep.