Can I inherit My Parents Debt?
Well anyway. My parents are about 40k in debt PLUS thier house mortgage, car payments, all that jazz. ANd i fear that instead of putting all the insurance money into these debts, my parents just went on a spending spree :(
They are extremely irresponsible people... they drink as if they are 21 (they are close to 60 D:) and both chain smoke. They drive home drunk or under the influence... and party at least once a week. I fear they wont see thier grandchildren in the future :(
But because of this irresponsible nature, i'm seriously worried that when they pass, sense i'm the oldest child (and the unfavourite).. that I will inherit all thier debt ( or even have to split it with my brother). Is it possible?
Cause if it's a 100% garauntee...then my husband is telling me to disown them for legal reasons. Still treat them as family, see them, yadda yadda, but disown them :x