Comment on Grandma is on her own
deranger@sh.itjust.works 4 days agoIt’s not disingenuous in the slightest. Debt does not get passed on, full stop. You are not responsible for the debts of your parents except for a few niche scenarios. Debts and assets are separate things.
lightnsfw@reddthat.com 4 days ago
You can inherit nothing because all the assets went to cover the debt though. That’s my point.
deranger@sh.itjust.works 4 days ago
I don’t disagree. Do people not realize that you can’t inherit the assets of someone who has a negative net worth? That seems pretty common sense to me, and I knew that before I ever dealt with an estate.
lightnsfw@reddthat.com 4 days ago
I think a lot of people don’t really think about it. A lot of the people I know are really bad with money and make a lot of short sighted financial decisions