Handling your elderly parents' bills.......Questions

[Buburuza13]

you own the home she lives in..i do not get this...after a life time,she has npthing,but nothing..i do not understand some americans?did she achieve nothing?did you take her home and now you put her in the nursing home..this is unbelievable..80 years and she has nothing but debts...how come?has she never worked...?did he rhusband not work???sorry is private questions..but i cna not imagine a german having after 80 years nothing,but nothing...we handle money way more different,then americans...more financially responsable...

[Asheville Native]

Originally Posted by gizmobizmo

I have heard stories of CC companies hounding family members in an attempt to recoup their money.

Does anyone have any experience with something like this? I want to handle this appropriately but don't know the best way to take care of this.

Thanks!!!

My wife went through a similar situation with her mother. After my wife's mother died the credit card companies tried to 'shame' my wife into paying her mothers debt. Once she made it clear to them they had no right to dun her for a debt she was not responsible for, they finely went away.

[Bosco55David]

Originally Posted by dmills

I am more puzzled about your advice not to tell them she has no assets until until LATER. What benefit is there in waiting. The reality remains unchanged, so what difference does it make?

Easy. The less they know about the situation, the better. The more they know, they more ways they can be sneaky.

Not a whole lot they could do in this situation, but better not to risk it. You wouldn't believe the

NOTE: I am assuming that all of this happens after the state attaches her SS income.

Not gonna happen. Social Security cannot be touched by creditors. The only ones who can get that our some government entities like the IRS.

[gvillager]

Originally Posted by dmills

Yeah, because mom never received any benefit from those "large amounts of money she borrowed. Do the right thing - regardless of what others do or don't do.

I stand by my original statement. The OP is not responsible for his mothers debts and the mother has no means to pay them. Loaning her money was just simply a bad business decision.

[Oildog]

Your debts die with you, thats why cc companies dont give credit cards to older folks as much.

[Asheville Native]

Originally Posted by Oildog

Your debts die with you, thats why cc companies dont give credit cards to older folks as much.

Only if there is no estate. CC companies like any other debtors must be paid from the assets of any estate. Heirs get what is left.

[alostdaughter]

My father is 80 and in poor health ,he mental forgetful and hasn't paid his credit cards, I have taken over his finances, can the cc companies get his retirement? I know they can't get his ss,but retirement