Reply to Does it make sense for me to die so my family can live?

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Reply to "Does it make sense for me to die so my family can live?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why not declare bankruptcy? That's another way to wipe the slate clean.

Also, OP, would you have preferred to grow up without a mom? Can you imagine the pain you would put your kids through? You will get through this -- don't do it to your kids.[/quote]

Student loan debt isn't dischargeable in bankruptcy. Nor in death, I think. [/quote]

As long as you don't consolidate the loans with your spouse, they die when you do. They can make a claim against your probate assets, but that is pretty meaningless for married couples as most assets pass between spouses outside of the probate estate. If you put your house and bankey accounts in joint names, then they are usually not subject to the probate court and pass automatically. If you don't want to put accounts in joint names, you can set them up so they are "Payable on Death" to another person. Similary, most 401(k) accounts and insurance policies are paid to a beneficiary, not to the probate estate and can't be touched by claims against the estate. [/quote]

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