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who pays your federal loans if you die?
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Date: September 1st, 2010 6:52 PM Author: Bonkers market no cosigners
fraudulent transfer to donate checking account balance to charity and then kill self?
what if donee is a relative? |
Date: September 1st, 2010 6:54 PM Author: motley cream house sound barrier lol, stupid fuck. park the altruism and spend that cash money on hookers & blow. (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15941491) |
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Date: September 1st, 2010 7:09 PM Author: Bonkers market when the time comes, you're in no mood for such things (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15941641) |
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Date: September 1st, 2010 9:42 PM Author: Swashbuckling poppy box office Its just like CC debt in your name, isn't it? (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15942952) |
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Date: September 1st, 2010 9:43 PM Author: Bonkers market what happens to that? (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15942958) |
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Date: September 1st, 2010 9:49 PM Author: know-it-all crackhouse knife it gets passed on for seven generations (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15943004) |
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Date: September 1st, 2010 9:54 PM Author: Bonkers market this is a serious question man: http://en.wikipedia.org/wiki/Fraudulent_transfer (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15943058) |
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Date: September 1st, 2010 9:44 PM Author: Frum painfully honest striped hyena Your estate does dufus. Jesus. (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15942969) |
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Date: September 1st, 2010 9:47 PM Author: Bonkers market What does your estate consist of? Is the money you transferred out of your accounts right before you off yourself part of your estate? (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15942991) |
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Date: September 1st, 2010 9:57 PM Author: Swashbuckling poppy box office You have to transfer it before you die. Once you expire, then the "estate" deals with your deaths. Presumably an executor could sell your cd collection to pay off all your debts.
Realistically, if you are worried about burdening family, you are fine. But get rid of money sooner, ie not the day you suicide. |
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Date: September 1st, 2010 9:58 PM Author: Frum painfully honest striped hyena This is a law board isn't it? (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15943103) |
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Date: September 1st, 2010 10:06 PM Author: Bonkers market I don't see why this is such a stupid question. Transferring funds out of your account right before you kill yourself when you have a lot of debt is like stealing from your creditors. It's not unreasonable to think the law prevents people from doing it. (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15943213) |
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Date: September 1st, 2010 10:17 PM Author: Swashbuckling poppy box office How would that fraud be differentiated from giving money to relatives as a routine matter? You think the feds would so your aunt/red cross for their money? (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15943349) |
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Date: September 1st, 2010 10:55 PM Author: Bonkers market I don't know. It's like 20 grand. But you're right, this probably doesn't happen often enough that they'd care to enforce the law, even if there were one.
It would be different from giving relatives money without killing self because there are provisions in the loan agreement (I would imagine) that make defaulting a pain in the ass for someone who plans to stick around. |
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Date: September 1st, 2010 9:49 PM Author: dun lay associate The feds, assuming you haven't consolidated with anyone else. (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15943007) |
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Date: September 1st, 2010 9:58 PM Author: bossy buff twinkling uncleanness discharged upon death. wow ppl itt are dumb. (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15943105) |
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Date: September 1st, 2010 10:00 PM Author: contagious puce locus http://studentaid.ed.gov/PORTALSWebApp/students/english/discharges.jsp (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15943124) |
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Date: September 1st, 2010 10:02 PM Author: gold slippery gay wizard or if you are severely injured or handicapped. (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15943139) |
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Date: September 1st, 2010 10:06 PM Author: up-to-no-good karate Read the loan agmt. Fed = discharged on death. (http://www.autoadmit.com/thread.php?thread_id=1411779&forum_id=2,#15943205) |