Right, but if your estate has no money left? Do your kids/parents/siblings owe it??
Natter 52: Playing with a full deck?
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
IANAL, but I think at that point it becomes a bad debt, rather than debtors trying to collect from the heirs.
I hope.
I think amych is right, but I don't have particular reason to think that, it just makes sense.
So if someone without a ton of money knows they're dying, is there really any incentive NOT to run up a ton of fun debt?
Only the estate is liable. Heirs normally are not liable for anything beyond the what the estate can pay; there are rare cases where accepting a legacy may involve accepting more liabilities than assets, but (as in with any legacy) you always have the option of the not accepting the inheritance.
I knew about theremins. I did not know about singing Tesla coils: [link]
So if someone without a ton of money knows they're dying, is there really any incentive NOT to run up a ton of fun debt?
Is this for some sort of ficcy purposes? Because if not, and you're dying, you have to take us all out for drinkies first.
LOTS of drinkies.
Wasn't there a case in England where a guy was told he had three months to live, so he quit his job and ran up his credit cards, and then the doctor said "oops, got that a bit wrong, you'll be fine" and now he's suing?
Because if not, and you're dying, you have to take us all out for drinkies first.
As far as I know, I am not dying any more than anyone else. Which is to say, I do not believe myself to be immortal.
But I"ll totally take you for drinkies if I am dying faster.