From: jeff davis (jrd1415@yahoo.com)
Date: Sun May 26 2002 - 23:52:23 MDT
--- "Smigrodzki, Rafal" <SmigrodzkiR@msx.upmc.edu>
wrote:
> Dossy [mailto:dossy@panoptic.com] wrote:
>
>
> Maybe I'm mistaken, but in the US, if parents rack
> up debt and
> pass away (with insufficient life insurance to cover
> their debts)
> the kids (if any exist) are left paying the debts,
> no?
>
> ### Only if they agree to accept the inheritance.
>
Dossy,
The answer is no. Parents should max out their credit
cards, and pass out the cash, before buying the farm.
The kids are untouchable.
Best, Jeff Davis
"There is only one basic human right, the right to do
as you damn well please. And with it comes the only
basic human duty, the duty to take the consequences."
P.J. O'Rourke
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