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If the woman has debts and the money is simply inherited the creditors can get it. If the folks that willed the money to her would have set up a trust ahead of time they might have been avoided, though their would have to be a trustee and unlike "Mr. Mooney" on the old Lucy Show such any arrangement is kinda costly these days.
Maybe if she is so reckless with her money she can be declared incompetent and there may be a way to get a guardian appointed by the state. Of course the inheiritence would have to be pretty substantial to jump through those kind hoops...
You know sometimes life happens and isn't always grand and
cause certain circumstances, which is what happened in this case.
And of course, family members never anticipate these types of things to happen either.
I do have to believe there is something that can help her.
Let me get this straight; your friend owes some debts, she has money comnig in, she doesn't want to pay those debts because the incoming money is an "inheritance"! Why should that money not be used? Why should the creditors have to "eat" her bad debt? Just because she loved her ancestors is no reason not to pay her bills, in fact it's dishonoring her ancestors.
I would tell your friend to use the inheritance to clean up her financial mess. Once she is out of debt, she should to stay out of debt. If she continues down this road, she may have a lot more problems than angry creditors.
I would suggest that your friend contact a lawyer and tell him what he/she wants to accomplish. The initial interview is usually a no-charge thing and the lawyer can give her an idea of the best way to proceed and estimate what it would cost.
Just out of curiosity, why did your friend come to you rather than going to a professional?
uh
Let me get this straight; your friend owes some debts, she has money comnig in, she doesn't want to pay those debts because the incoming money is an "inheritance"! Why should that money not be used? Why should the creditors have to "eat" her bad debt? Just because she loved her ancestors is no reason not to pay her bills, in fact it's dishonoring her ancestors.
golfgod
Quote:
Originally Posted by debtmonger
I would tell your friend to use the inheritance to clean up her financial mess. Once she is out of debt, she should to stay out of debt. If she continues down this road, she may have a lot more problems than angry creditors.
My friend is going through a very nasty divorce and a bad situation. In cases like this, she shouldn't be forced to be stuck with 100% of the debt.
She doesn't dis-honor anyone, she is a wonderful person who was in a terrible worse than terrible actually situation. Her family wouldn't want to pay these off and let the ass walk away with paying nothing.
I would suggest that your friend contact a lawyer and tell him what he/she wants to accomplish. The initial interview is usually a no-charge thing and the lawyer can give her an idea of the best way to proceed and estimate what it would cost.
Just out of curiosity, why did your friend come to you rather than going to a professional?
uh
She came to me because we are friends. People do that you know?
Sorry I asked. It is good that she has friends and she should go to them when she is troubled or confused or just needs a friend. However I still find it a little odd that she would not pose this problem to her attorney. Since she is going thru a divorce, I have to assume she has one. If she is getting raked over the coals, perhaps her 1st order of business would be to get a more effective Lawyer. That would be my advice if I were her friend.
uh
Many wonderful people make stupid mistakes when it comes to money.
People on this board are responding to your request with the information you first provided.
It sounds like your friend needs a good attorney to deal with these issues. Talking these things out with a friend is fine, but someone who understand the law is vital.
I'm sorry your friend is going through a very difficult time and you are to be commended for trying to help. We are just trying to keep her difficult time from getting much much worse. I am sure you are trying to do the same.
Here's to better days ahead.
Quote:
Originally Posted by Chromekitty
My friend is going through a very nasty divorce and a bad situation. In cases like this, she shouldn't be forced to be stuck with 100% of the debt.
She doesn't dis-honor anyone, she is a wonderful person who was in a terrible worse than terrible actually situation. Her family wouldn't want to pay these off and let the ass walk away with paying nothing.
You are so quick to jump....wow.
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I've made mistake with money....
