@tikalteacall I know why. If someone is truly first rate, then they will do a first-rate job on anything they agree to do, no matter what it is. But if it’s not worth doing, they won’t do it all, whereas someone second rate might be tempted to accept the chore but then will phone it in.
@Derek7490@Wiz0x67@rushicrypto If the executor does their job right in this situation, there’s nothing left to “accept” or “denounce” in the first place. The heir has to do literally nothing to continue to be not liable for the estate’s outstanding debt.
@Derek7490@Wiz0x67@rushicrypto In that situation the executor should pay as much debt as possible from estate assets. The creditors then take a loss on the remaining debt. But heirs shouldn’t have to “denounce” the will or anything like that. Frankly I still think something got garbled in your story here.
@buttonspony@rushicrypto No! If the estate has no assets to pay its debts, that’s the end of it. The executor and heirs don’t pay a penny out of their own pockets.
@VicTenetta@casinobonusguy@rushicrypto Bad take. If the estate doesn’t have enough money to pay all debts, then taxes and medical debt are paid before credit cards. But if there is enough money to pay all debts, then the estate has to pay *all* debts — yes, including credit cards.
@casinobonusguy@rushicrypto No you didn’t have to pay it. Maybe they pressured you to the point where you gave in and paid it. But if you paid out of your own pocket, then frankly you got played. If the estate really had no money that should have been the end of it.
@cukyn1812@rushicrypto No, it’s not the grandchild’s debt. If the estate doesn’t have the money then the creditor has to eat the loss. Because there is nobody to collect from.
@casinobonusguy@Wiz0x67@rushicrypto I’m executor for my father’s estate and I can assure you it doesn’t work like that. Part of the executor’s job is to see that the estate pays its debts. But if the estate doesn’t have enough money to do that, it’s not the executor’s job to pay anything out of their own pocket.
@Derek7490@Wiz0x67@rushicrypto The heirs don’t get any money because the estate’s money went to paying part of the debt. But the heirs do not pay the remaining debt because it’s not their debt. Being named in the will doesn’t change that.
@Derek7490@Wiz0x67@rushicrypto No, that’s completely wrong. The heirs never have to “denounce” their inheritances, nor are they responsible for outstanding debt. If the estate’s debts are greater than its assets, then the creditors have to eat that loss. The heirs are not responsible for any remaining debt.
@moultano There’s no year 0 in the Julian, and later Gregorian, calendars. So the first century was years 1-100, second century was years 101-200, and so on.
@owenbroadcast Compromise. On years ending with an even number declare it’s on the date; on years ending with an odd number declare it’s on the solstice.
@BioWaifu@TheTakePolitics@NewsWire_US If Boeing has contracts with NASA, and Lockheed Martin has contracts with NASA, and Northrop Grumman has contracts with NASA, and SpaceX has contracts with NASA—why don’t you knuckle your brow and stare very hard at what I just wrote. And maybe it will eventually come to you.
@BioWaifu@TheTakePolitics@NewsWire_US But they’re not competitors. SpaceX has multiple contracts with NASA, and NASA operates many missions that SpaceX doesn’t plan to duplicate (nor would I expect it to). I don’t think you have any idea what you’re talking about.