Can you leave debt to someone in your will?

Answer 1

You can express your intention in yoiur last will and testament, but I really doubt if your favorite enemy will gladly assume your debts. You can try to give, but that doesn't mean your gift will be accepted.

Answer 2

In German if the parents die and have a debt that debt can be passed on to the children if the childern are of age. Inheritance can be a debt. It is very wise to know the financial state, for should you accept the inheritance you may be accepting a debt.
Also a child may ask for their inheritance before their parents die. The advantage of this is that the wealth will be added at that time and they collect a percentage, should the next day the parrents win the lottery the inheritance was already been paid.

Answer 3

Simply put, no. Debt dies with the person. Period. The job of the executor is to pay for the remaining debts out of your estate, sometimes even before distribution of assets to your heirs.

Now if you've mortgaged assets, that mortgage may continue to run with the property, so a person who has inherited the property (real or personal) may take subject to that mortgage (and thus has the option to pay the mortgage or sell the assets).

Further, certain transfers will be subject to inheritance taxes -- these are taxes taxed against the heir when assets from the estate pass into the heir's hands.

But if you have a personal debt, it dies with you.

Answer 4

No, you cannot. However, if the person was willed a home which was not paid for in full, the person would either have to sell the house and keep only the profit after the house was paid, or you could assume payment to the bank--unless the person had insurance to cover the remaining balance of the house in the event of their death.

If you're just talking about credit card debt or hospital bills, etc, the answer is no.

Answer 5

Why the hell would you want to do that?
No you can not but the loan officers will want any assets be sold and paid back...
You should not be in debt if you can no afford your own life...
What are we living for? things, etc.....
no.....making a great life takes time and people....
try it out for once...
good luck

Answer 6

No, and why would you want to. Your creditors can, however, go after whatever assets you have after you die. Your heirs won't get anything until the debts are resolved.

Answer 7

No. You can't "choose" a person to receive your debt.

Answer 8

you cant leave it in your will but if you have any co singed accounts with sum one they are going to be resposible for those debts

Answer 9

Will may refer to several things. In law and society:

Will (law), a legal document expressing the desires of the author with regard to the disposition of property after the author's death.
Living will, a legal document expressing the desires of the author with regard to medical decisions, invoked in the event that the author is incapacitated and unable to act on her own behalf.
Will (philosophy), a philosophical concept.
Free will, the human trait that produces conscious choices and actions.
Will (sociology), a concept in sociology.
Will (computer game), an interactive fiction game released in Japan and developed by Square Co., Ltd.
WILL, callsign of the three public broadcasting stations owned by the University of Illinois at Urbana-Champaign.
As a name:

Wilma, the feminine given name, which has the common short form "Will".
William, the masculine given name, which has the common short form "Will".
In literature:

Will (book), the autobiography of G. Gordon Liddy.
Will (novel), a novel by Maria Boyd.
English modal auxiliary verb. see:
English modal auxiliary verb#Will
Shall and will, contrast with shall
People:

Will, the pseudonym of Willy Maltaite, a Franco-Belgian comics artist.
Will Vandom, a fictional character from W.i.t.c.h.
Will, the black ranger from Power Rangers Operation Overdrive
George Will, American journalist and author.

Answer 10

I don't think it would be very nice to do that. It would be better if it was already paid in advance.