Wannaplan?
Bounty Hunter
- Messages
- 3,229
- Points
- 30
Although I am not currently facing this situation, it is possible that it could occur...
If my only living parent has a will and suddenly dies tomorrow, I know I will inherent a portion of the assets. They will be shared among myslef and my siblings. But if my parent has horrendous credit card debt and a home mortgage, hypothetically totalling $100,000, will I and my siblings inheret that debt as well? If it is possible that I might have to pay off a portion of that debt at a future date, I want to take measures to protect myself today. I am considering seeking a lawyer, but I am not sure what kind of specialty I need. I have no idea how to go about this - the only thing that I keep thinking about is that I want to have my name removed from the will, but I am not sure that is the best way to do things.
Any thoughts or suggestions will be appreciated. I am at my wits end.
If my only living parent has a will and suddenly dies tomorrow, I know I will inherent a portion of the assets. They will be shared among myslef and my siblings. But if my parent has horrendous credit card debt and a home mortgage, hypothetically totalling $100,000, will I and my siblings inheret that debt as well? If it is possible that I might have to pay off a portion of that debt at a future date, I want to take measures to protect myself today. I am considering seeking a lawyer, but I am not sure what kind of specialty I need. I have no idea how to go about this - the only thing that I keep thinking about is that I want to have my name removed from the will, but I am not sure that is the best way to do things.
Any thoughts or suggestions will be appreciated. I am at my wits end.