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To: make no mistake

My guess is they agreed at some point to pay it i.e. cosign. Otherwise, debts die with you.


24 posted on 02/24/2015 1:21:31 PM PST by AppyPappy (If you are not part of the solution, there is good money to be made prolonging the problem.)
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To: AppyPappy
My guess is they agreed at some point to pay it i.e. cosign. Otherwise, debts die with you.

I thought creditors could go after debtors estate - assuming there is an estate.

35 posted on 02/24/2015 2:00:48 PM PST by Graybeard58 ( For I determined not to know any thing among you, save Jesus Christ, and him crucified.)
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To: AppyPappy; Graybeard58
My guess is they agreed at some point to pay it i.e. cosign. Otherwise, debts die with you.

Nope. Not true. Not even close.

Your estate is liable for your obligations after you die, in this order:

Funeral expenses. Federal Taxes. State Taxes. Municipal Taxes. Probate fees. Secured debt. Unsecured debt. Your heirs.

Your heirs come last, unless they've loaned you money under a secured debt agreement.

In some states with filial obligation laws, your children [or parents] can inherit filial obligations in the event the estate can't pay. That is the law and the case law in Pennsylvania. Don't like it? You shouldn't. Your sole recourse is to tell your legislature to repeal the filial responsibility law if your state has one.

37 posted on 02/24/2015 2:38:47 PM PST by FredZarguna (Mit der Dummheit kämpfen Götter selbst vergebens.)
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