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Posted by kelly (aka kelly) Mar 31 '10, 10:06

racking up the no-limit credit cards, and taking money out of the 401k (which will be totally available to her in June)

What happens to her debts after she dies? Will the money in the 401k (assuming there is some left at that point) be used to pay off her debts, no matter who she leaves any of that money to?

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[deleted] 2
- I'm not worried about incurring costs......I'm just feeling betrayed that she'd go out of her way to cancel policies to keep them from us. - Will Hunting Mar 31, 10:18 1
  - [deleted]
Jack could answer this far better than I, i'm sure, but i believe the estate all goes to debt and the leftover goes to the designated recipients. -- nm - Hockey Chick Mar 31, 10:12 2
- depends how you structure the estate. assets could be put in trusts, payable to the trust's beneficiaries upon death - mr. average Mar 31, 10:14 1
  - they should consult a lawyer, good advice. -- nm - Hockey Chick Mar 31, 10:16

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