terry123
Well-known Member
- Location
- Houston, Tx.
Made it simple. Pay on death to two girls. Cremation with simple service.
Here in Canada once you die your student loans are erased. The government student loans at least. I’m 51 and plan to be in school full time into my 60’s. Part of me of course wants to have as many years left as it takes to pay them off and part of me wants to depart owing the government a lot of money.My wife and I have joint wills and burial instructions. My wife wants her ashes put into a cookie jar, I haven’t chosen my resting place.
We have money set aside in savings and a small amount in life insurance. The house and alot is payed for, next year we will downsize to one car and continue leasing a vehicle so as not to burden survivors with car payments and ownership.
we’re nearly debt free except for student loans and neither spouse is responsible for repayment of other spouse student loans.
I am 61 years young but when I grow up I am going to be financially like youWe have paid for our cremations, own our home and vehicle outright. The only bills we have are the normal utilities.
In most states, children of the deceased have no obligation personally to pay off debts of a parent, unless the children have co-signed for said debt. HOWEVER, the estate of the deceased is obligated to pay off debts before distribution to the heirs.do your children have to pay off your credit cards after your death?
No, that will come out of any assets you have, but htey're not responsible for debts beyond your assets.do your children have to pay off your credit cards after your death?