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Subject:  Re: Don't worry about boomers killing the market Date:  8/2/2006  12:45 PM
Author:  ResNullius Number:  52910 of 88772

Just an FYI, debt doesn't pass from generation to generation. It may make the inheritence zero as creditors will have the claim to any assets - monetary and physical. But kids won't 'inherit debt'.

The house will be inherited subject to any debt on it. Ditto for any cars. Ditto for any joint credit cards. Ditto for any joint anything, which covers most things in most marriages.

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