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URL:  http://boards.fool.com/the-house-will-be-inherited-subject-to-any-debt-24418255.aspx

Subject:  Re: Don't worry about boomers killing the market Date:  8/2/2006  1:35 PM
Author:  DeltaOne81 Number:  52911 of 78166

The house will be inherited subject to any debt on it. Ditto for any cars.

Yes, assets may have to be sold to pay off the debts, but if you're still short, the debt remaining will be written off, not passed to the kids.


Ditto for any joint credit cards. Ditto for any joint anything, which covers most things in most marriages.

Okay, you said family, which I interpreted to mean kids. If by that you mean spouse, and you're talking about joint accounts, then that's very