How do i prepare for my death?

Question

i have some baseball cards and a car and two cats that i want to make sure someone special gets after my death, who do i contact? also, how do i buy a grave site and who gets to pay my $3500 in credit card debt?

Answer 1

are you planning on passing soon? cats? 3,500. isnt that much. how much is your car worth? I might be willing to take the cats if the car comes with. and it is worth more then the debt. lol

Answer 2

As far as the items you wish to pass on, you can always consult an attorney to have a will drawn up that is specific and binding. My suggestion in your case would probably be to check out www.uslegalforms.com for state-specific basic wills that you can fill out and download right to your computer. The cost is much less and for basic needs like you have outlined, the reward is the same.

Now on to the credit card debt. If the cards are only in your name you are the only responsible party. No one can be held legally liable for those debts after your passing. With that said however, your estate would have to stand good on the debts unless or until it is exhausted. The downside to this is that marketable items like your baseball cards could potentially be liquidated to pay the debt (though it's not really likely in this case). Aside from the estate, the credit card company would be forced to write the debt off as loss. It'll hurt your credit, but um...you're dead, so whatever.

Finally, your grave plot would need to be purchased from a cemetary. You'd need to discuss that with them directly. You can look around and find a spot you like. It's sort of like house hunting for the rather morbid. My suggestion for all of this would be to get a will as I mentioned above and then take out a term life policy on 10-20 year level term at about 8-10 times your income. For most people this policy would cost on a monthly basis less than you spend on pizza and would cover both the credit card debt and the cost of burial in the event of your death while leaving some assets for your heirs to take care of the cats and such.

Answer 3

Contact a lawyer and create a will.

Unless you're dying tomorrow, work off that credit card debt. Usually the executer of your estate will get the tab for your debts.

As for the grave site, you visit a grave yard and purchase a plot. Usually you'll purchase a gravestone as well and have your name and birthdate engraved on it. That way when you die, the only thing needed to do is to engrave the death date.

Answer 4

Make a will, name a trusted person as executor and the credit card debt would be taken out of any assets you have. You buy a grave site by arranging your funereal with a funereal director.

Answer 5

Check with your local funeral home with regards to a grave site. There may be laws in your state that affect how your remains are handled, unless you've decided on cremation.

Before all that, pray, all by yourself. Shut off all the noise, telephone and everything, and pray. There are some truly remarkable answers, both just below the surface and deep, deep inside.

Answer 6

Check your credit card. You may have life ins on the outstanding debt.
If you do, then.no worry.
If not, call the credit card co and ask about it.
It's so much per month per thousand, or a % of that. Definately worth it. One less "mess' you leave behind.

Answer 7

Woah! You shouldn't really be thinking about these things yet because life is here to live but then again never can be too safe. You should write a will, that would be one of the best things!

Answer 8

find yourself a young dumb broad once you become a geezer.......give your valuables to some one cool....stick the wench with the debt

Answer 9

Write a will!