Quantcast
wills, inheritances, etc - Beyond.ca - Car Forums
Results 1 to 5 of 5

Thread: wills, inheritances, etc

  1. #1
    Join Date
    Dec 2005
    Location
    Calgary
    My Ride
    2009 Forester
    Posts
    271
    Rep Power
    0

    Default wills, inheritances, etc

    When you inherit someone's assets because they've passed away, do you also inherit their debt or is that considered a write-off by the creditors?
    Tim

  2. #2
    Join Date
    Jun 2002
    Location
    Calgary
    My Ride
    335i
    Posts
    8,929
    Rep Power
    18

    Default

    When a person dies, his estate (if worth anything) should satisfy all debts and obligations before remaining assets are distributed to inheritors
    Original Post NAZI Moderated


    Originally posted by r3cc0s
    Felon or Mistermeiner

  3. #3
    Join Date
    Mar 2004
    Posts
    102
    Rep Power
    0

    Post

    I believe the estate has to pay the debits of the deceased off first. The remaining balance becomes inheritance. You are not reasponsible for any debits the the deceased accrued unless you were a cosigner.

  4. #4
    Join Date
    Dec 2006
    Location
    RRIII
    My Ride
    w163
    Posts
    642
    Rep Power
    8

    Default

    Yes, most wills have a clause where all debts, expenses and such be paid before the bequests.

  5. #5
    Join Date
    Jan 2007
    Location
    Alberta
    Posts
    1,848
    Rep Power
    0

    Default

    Originally posted by Weapon_R
    When a person dies, his estate (if worth anything) should satisfy all debts and obligations before remaining assets are distributed to inheritors
    ^^^

Similar Threads

  1. Goji/Zango/Vemma....etc, etc, etc!!!

    By Kimchee in forum Health and Fitness
    Replies: 2
    Latest Threads: 09-27-2006, 07:51 PM
  2. FS: misc crap! (watch, skateboard, etc. etc. )

    By infamous in forum Miscellaneous Buy/Sell/Trade
    Replies: 18
    Latest Threads: 07-22-2006, 04:48 PM
  3. FS: Black 92-95 civic dash..etc,etc

    By veedubin in forum Automotive Parts [Aero/Styling/Interior]
    Replies: 9
    Latest Threads: 06-27-2006, 11:14 AM
  4. FS: 92-95 civic si misc. parts and black interior etc.etc.etc

    By HB Infamous in forum Automotive Parts
    Replies: 50
    Latest Threads: 02-20-2005, 03:36 AM
  5. Replies: 82
    Latest Threads: 12-20-2002, 06:14 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •