Who will inherit your debt when you die?
 

Most of us would love to be able to leave a nice inheritance to our spouse, kids, grandkids or other loved ones.

Read the rest of the story.

I have a life insurance policy. No probate, no taxes.

Who will inherit my debt? Probably Visa.

My debt?
Hopefully the funeral home, when my check bounces. :pray:

Well, I hope they won't "bounce" you. ::jester::

I have zero debt. I paid cash for my house, cash for my car and pay off my credit card in full every month.

We carry no debt either. Far too many live beyond their means.

Having debt does not necessarily mean you are living beyond your means - not being able to pay that debt is living beyond your means.

We have established a living trust and will pass our inheritance to our children.
We live modestly out of choice and utilize money with the thought to its utility and its value. We both do not care for jewelery and other forms of ostentation spending nor do we believe in impulse buying. Yes we do respect ourselves and yes we do think we are of value. We just don't think we are special and ought to be pampered.

Because of this approach even retired we are able to save considerable amounts adding to our investments

I worked for mine, and my children have worked hard for what they have, so I will spend every penny before i go…. :crap2:

No debt... No problems... if you can't pay for it then don't buy it!

No debt. Pay off credit cards each month. Revocable living trust, half each to the boys right down the middle, no probate.

So agree. Money was cheap, so we financed our home and put proceeds of our paid-off condo with our broker. Much better deal.

I'm like some of the others who don't believe in debt. As a matter of fact, I have never had a credit card, car payment or mortgage payment.

Sorry, no debt inheritance. ;)

There were a number of the news media that reported the US Treasury (Mr Lew) was attempting to extract debt from family members even though their parents, spouse had died and even if the offspring were not alive when the debt was incurred. following this revelation and the outrage little has been published since then but it is obvious the government is hard pressed to maximize taxes