Reply to Husband is dying - no life insurance or savings, I’m a SAHM

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[quote=Anonymous][quote=Anonymous][quote]Every single debt is in his name.[/quote]

You need to get a divorce immediately. You can still have compassion for him, and be-there-for-him in any manner that's acceptable to you.[/quote]

this is absurd. if she's not on the house title, it's going to take forever to get that sorted as an ex-wife with three minor heirsunder 10, possibly intestate. the house and it's $600k of equity could be lost to foreclosure.

as a married unit, they currently have the following assets:

a $1.3 million dollar house with $840k of debt (mortgage +heloc)
$355k retirement
$100kish life insurance policy

he has the following additional debts:
$40k, secured by the cars. those can just go to the lienholders if they are under water, that's not her problem.
$55k unsecured credit card debt

i guess she could divorce and try to force the sale of the home and cars that way, but if he dies intestate and divorced while still owning the house and cars it's going to be long and messy to clear the estate.

i mean, she's screwed because she had three children and no strong means to support them on her own, but they aren't bankrupt, and when he dies the kids will get the social security payments which will help augment her teaching salary.[/quote]

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