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wills
pcyam
Posts: 651 Forumite
in Cutting tax
Not really a cutting tax question but i wasnt sure where to put this.
I understand that debt is added to the estate. And will's are basically who you want your belongings to go to, but if you have debt after you've died and state that you want it to go to your ... neighbour/milkman/ or whoever other than your next of kin/family do they have to take this debt on?? I not thinking of leaving a debt behind to anyone but its just something which came up whilst I was on a course and we didnt know the answer to, its just one of those questions which bear no value to. (unless someone was thinking of leaving debt to their worse enemy :rotfl: :rotfl: )
I understand that debt is added to the estate. And will's are basically who you want your belongings to go to, but if you have debt after you've died and state that you want it to go to your ... neighbour/milkman/ or whoever other than your next of kin/family do they have to take this debt on?? I not thinking of leaving a debt behind to anyone but its just something which came up whilst I was on a course and we didnt know the answer to, its just one of those questions which bear no value to. (unless someone was thinking of leaving debt to their worse enemy :rotfl: :rotfl: )
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Comments
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You could always leave your debts to Gordon Brown - personally!! :rotfl:
Unfortunately it don't work like that - generally your estate is what's left when your debts, funeral and other expenses have been settled. If it's negative at that stage I don't think it passes on.0 -
It is not april the first is it?..0
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