Jewing The Credit Card Company

The banks/collections will seize any assets to pay off debts.

If your Mom dies with $200K in debt and she owns a $140K home and $10K in the bank, don't expect to keep anything. They'll take what they can get then write off the rest.

Go ahead and buy what you want, but it won't be free money. You'll have to pay it or they'll likely take it out of her stocks or car. Doubt they'd liquidate a house for a little credit card debt, but it's possible.

>sources
Great-Grandma died in 2013 and I tried the same thing.

>>1643208
She has no debt currently and they will come after the credit card debt after I put a few thousand on there?

>>1643214
Yes. It's called 'Probate'.

>>1643193
Her estate will pay off her debts. Heirs get whatever is left over. Don't fuck with her finances. You're going to just fuck yourself out of your own money. And for fucks sake, get her to draft a will. It will go to probate and heirs will come out of the woodworks to take that shit.

>>1643673
Probate doesn't apply to GIFTS.

>>1643977
What the hell are you talking about? There's still a credit card debt, and OP and his brother are her only heirs (apparently). They could burn whatever they buy with the credit card, the debts still there.

>>1643193
For some reason this reminds me of:
https://www.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/

No reason to do it OP. Would only make sense if she had no assets but the CC debt will be paid for with your inheritance. Only thing i can see is that if you split the money left then buying a washer and dryer for lets say 500 would mean that your brother paid 1/2 of that. But thats a really douche move.

>>1643977
HURRRRR

>>1643193
Her debts will be cleared by her estate THEN whats left will go to you.
Also,get a will drawn up a.s.a.p or you'll watch the lawyers get a big slice of your inheritance and there will be nothing you can do about it.