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The Joker

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If a 7 year old kid is orphaned due to their parents dying in a car accident..........

(No next of kin)

..........and the parents left behind $86,000 in debt with no money in the bank and no life insurance............

Does the 7 year old kid inherit the debt? :shrug:
 

MadJack

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If a 7 year old kid is orphaned due to their parents dying in a car accident..........

(No next of kin)

..........and the parents left behind $86,000 in debt with no money in the bank and no life insurance............

Does the 7 year old kid inherit the debt? :shrug:

I don't even have to be a lawyer to answer that and the kid could be 25 too and not gonna be responsible for their debt.

:0003
 

hedman

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If a 7 year old kid is orphaned due to their parents dying in a car accident..........

(No next of kin)

..........and the parents left behind $86,000 in debt with no money in the bank and no life insurance............

Does the 7 year old kid inherit the debt? :shrug:

The kid does not inherit the debt, however the creditor(s) have a claim against the estate and any possible Personal Injury settlement from the car accident.
 
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