Credit Card Debt and Death

dunstonh

So I was right all the time, I didn't have to pay the bills if their wasn't enough money to clear them....

You are changing the subject now.

The debts within the estate have to be cleared by the assets within the estate. If there are not enough assets to clear the debts then the outstanding debts (after what can be repaid) cannot be passed onto someone else (unless they are party to the debt).

What you did is tell the lenders that there was no money in the estate whilst stealing money from it to give to the grandchildren.

sh856531 is talking about money that never formed part of the estate. Pension funds are a master trust and the proceeds on death do not form part of the estate (there are a couple of exceptions on this but rare). The proceeds are paid out "outside" of the estate.

kjn469

I think she thinks that unless her mother's estate can cover the WHOLE of the credit card debts, then she didn't have to pay a thing. Which is ridiculous.

Whatever money was left would firstly pay for the funeral expenses. Then it would go to creditors - such as the CC companies that her mother had debt with. If the money left was not enough to cover the debts then all that means is that the CC companies don't get all their money back. It also means that her mother's estate after paying those debts would equal zero. Which means nothing is available to pass on to family.

She committed fraud by misrepresentation, nothing more to it - no matter what spin she attempts to put to the whole tale.

maureen_04

The money she left came from a pension fund. So acording to post #62 it isn't part of the estate.

What ever the case it is done now, and no one has been hurt...

redpete

maureen_04 wrote: »

REDPETE! I think you will find that it wasn't your post that I reported, the one I was unhappy with called me "Perverted" I take this as a personal insult, it was originally post 47, but has obviously been removed, ...

For that misunderstanding I apologise