Could you, in theory take out a bunch of credit cards, cut off your family, buy expensive things leave it to them in the will for them to sell without dropping the debt on them?
Ok I think I'm starting to get it, you can't actually leave it to them in a will but what about burying gold? If you do it with no paper trail would that work?
Where do they go if no one is there to pay them? Let's say you cut off all your family, legally and everything, and buried gold purchased with credit cards
I thought they aren't on the hook if thy don't cosign. You wouldn't need to cut them off for them not to be involved in a contract between you and the company. They wouldn't need to show up to work if you died and the only reason you show up is a contract.
Could you, in theory take out a bunch of credit cards, cut off your family, buy expensive things leave it to them in the will for them to sell without dropping the debt on them?
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I should really try and figure this out just in case I do get seriously sick
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Your family cannot inherit your stuff if you have outstanding debt. All debts have to be paid out of the inheritance or you can forfeit it.
Ok I think I'm starting to get it, you can't actually leave it to them in a will but what about burying gold? If you do it with no paper trail would that work?
Potentially? I am not a lawyer, but I imagine it could go either way. The IRS might decide to investigate why your family got a sudden jump in income.
I mean if they just find the money randomly after a decade... I'd probably have to find a lawyer to figure this out though
A lawyer could narc on your and be legally protected if you tell them you plan to do a crime.
That's not very nice :/
thats why you gotta find a cool lawyer
That's not how credit works lmao
I'm a little young, could you explain?
Your debts don't just disappear when you DIE
Where do they go if no one is there to pay them? Let's say you cut off all your family, legally and everything, and buried gold purchased with credit cards
I thought they aren't on the hook if thy don't cosign. You wouldn't need to cut them off for them not to be involved in a contract between you and the company. They wouldn't need to show up to work if you died and the only reason you show up is a contract.
Literally your family. Doesn't matter if you "cut them off" or whatever