Hello,

Both my husband and I are getting up in years. We have over $30,000 in due to bad credit history, helping out our children and grandchildren, and our basic needs.

We are both retired, and get social security, but the balances of our cards never seem to go down even when we've been excessively trying to the point that we are having difficulty making ends meet.

Now there is growing concern about what will happen to the when have passed. Our adult daughter lives with us, and our will is set up so that our children will be the beneficiary of our house. If she wants to keep the house, will she be required to pay off our as well?

The house and it's contents are really our only assett. Our bank accounts never have more than $1,000 in them, and we have no stocks/bonds/etc. But the house has an appraised value of $150,000. We would hate to see our children have to struggle to repay our debts in order to keep the house. But I also know is supposed to be "unsecured" so I'm wondering if this is even an issue.

Thank you in advance for your answer.

- Now there is growing concern about what will happen to the - when have passed. Our adult daughter lives with us, and our will - is set up so that our children will be the beneficiary of our house. - If she wants to keep the house, will she be required to pay off our - as well? Your estate is the "security" for that you accumulate during your lifetime. If she is to receive the house through your will, all your creditors could make claims against the value of the house, which might have to be sold to pay the bills.

Generally speaking, if, however, your daughter were listed on the property as a joint tenant with rights of survivorship, the house would not go through probate, but would instead automatically go to her on your death.

I would strongly recommend that you speak with a local estate planning attorney to discuss this situation and see how best to protect the house.

-- Brett Weiss law@brettweiss.com

Maryland, DC and Federal bars Member, National Association of Consumer Bankruptcy Attorneys

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***************************************************************** The Small Print: This response is for discussion purposes only. It isn't meant to be legal advice and you shouldn't treat it as such. If you want legal advice, speak with a local lawyer familiar with your state's laws who can review *all* of the facts and the law applicable to your situation. ***************************************************************** "concernedgrandparents" <concernedgrandpare@nospam.com- wrote in news

- Hello,

- Both my husband and I are getting up in years. We have over $30,000 in - due to medical expenses, helping out our children and - grandchildren, and our basic needs.

- We are both retired, and get social security, but the balances of our - cards never seem to go down even when we've been excessively trying to - the point that we are having difficulty making ends meet.

- Now there is growing concern about what will happen to the - when have passed. Our adult daughter lives with us, and our will - is set up so that our children will be the beneficiary of our house. - If she wants to keep the house, will she be required to pay off our - as well?

- The house and it's contents are really our only assett. Our bank - accounts never have more than $1,000 in them, and we have no - stocks/bonds/etc. But the house has an appraised value of $150,000. We - would hate to see our children have to struggle to repay our debts in - order to keep the house. But I also know is supposed - to be "unsecured" so I'm wondering if this is even an issue.

- Thank you in advance for your answer.

- Justice consists not in being neutral between right and wrong, but in - finding out the right and upholding it, wherever found, against the - wrong. -Theodore Roosevelt I remember once I was with [Justice Holmes]; it was a Saturday when the Court was to confer. It was before we had a motor car, and we jogged along in an old coupé. When we got down to the Capitol, I wanted to provoke a response, so as he walked off, I said to him: "Well, sir, goodbye. Do justice!" He turned quite sharply and he said: "Come here. Come here." I answered: "Oh, I know, I know." He replied: "That is not my job. My job is to play the game according to the rules."  -Learned Hand

concernedgrandparents wrote: - Hello,

- Both my husband and I are getting up in years. We have over $30,000 in - due to medical expenses, helping out our children and - grandchildren, and our basic needs.

- We are both retired, and get social security, but the balances of our - cards never seem to go down even when we've been excessively trying to - the point that we are having difficulty making ends meet.

- Now there is growing concern about what will happen to the - when have passed. Our adult daughter lives with us, and our will - is set up so that our children will be the beneficiary of our house. - If she wants to keep the house, will she be required to pay off our - as well?

- The house and it's contents are really our only assett. Our bank - accounts never have more than $1,000 in them, and we have no - stocks/bonds/etc. But the house has an appraised value of $150,000. We - would hate to see our children have to struggle to repay our debts in - order to keep the house. But I also know is supposed - to be "unsecured" so I'm wondering if this is even an issue.

- Thank you in advance for your answer.

concernedgrandparents wrote: - Hello,

- Both my husband and I are getting up in years. We have over $30,000 in - due to medical expenses, helping out our children and - grandchildren, and our basic needs.

- Thank you in advance for your answer. Fintech says: In most states your home will not be at risk to creditor claims through an estate. Your home is exempt along with any life insurance policies and various other things. Check with an estate or probate attorney in your state. You can also learn a lot by doing a probate attorney search in your state like I did through the state's bar association. For example flbar.org  is Florida's bar assoc.

Additionally you might want to email me to learn about two different processes to resolve your mounting . While these means are legal, moral and ethical they are relatively unknown to anyone not in the high echelon of the and banking industry. You will virtually eliminate all worry regarding your finances and what will remain for your heirs.

Fintech says: In most states your home will not be at risk to creditor claims through

an estate. Your home is exempt along with any life insurance policies and various other things. Check with an estate or probate attorney in your state. You can also learn a lot by doing a probate attorney search

in your state like I did through the state's bar association. For example flbar.org  is Florida's bar assoc.

Additionally you might want to email me to learn about two different processes to resolve your mounting . While these means are legal, moral and ethical they are relatively unknown to anyone not in the high echelon of the and banking industry. You will virtually eliminate all worry regarding your finances and what

will remain for your heirs.