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this post was submitted on 27 May 2024
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Exactly. You don't inherit debt, because you can't inherit stuff the person was only borrowing.
There goes my plan of maxing out credit cards on stuff to bequeath.
If you're gonna do that, give the shit away before you die.
And check your local inheritance laws. Some places will take pre-death gifts into account depending on how long the time between gift and death is. The UK, as an example, looks at gifts made up to 7 years before a person's death. It's messed up.
In France there is a limit, about 30k every 15 years. It's not messed up, it's necessary if we want inheritance taxes to have any weight.