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 Posted: Tue Oct 07, 2008 12:47 pm Post subject: |
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| Quote: | Ins, If he didn't want to contribute things equally in the beginning (splitting the bills) why should she pay his debt. To me he was a dead beat in the beginning by not being one household,two incomes.
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I don't recall in any of this conversation where it was determined that it was the husband's idea of keeping the money and the bills separate.
Did I miss that part?
| Quote: | | Or maybe not what was this 100k spent on? And what about her not having any financial loss experienced in her hubby's death? |
It appears that this woman actually made a profit from her husband's death. That was never the intended purpose for a life insurance policy.
We, obviously, don't know whether or not this was a marriage for convenience or the traditional marriage where love actually existed.
When we die, our reputation is all that remains.
Lori, your line of thinking is in tune with mine, now whether that's actually the right way to think is just a matter of opinion.
As far as the credit card companies, yes, they are some of the biggest con artists in our economy today, but normally it is the individual who makes application for the credit card and agrees to abide by the terms and conditions of the card. Most people don't complain when they swipe the numbers off the card at the mall, but only when they get the bill.
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InsuranceMaze
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| Posted: Tue Oct 07, 2008 1:16 pm Post subject: |
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"we split the bills" is what she put in the origianl statement. I am assumong they didn't combine their funds. I believe that all bills should just plain be paid and not split up. I guess I was raised old fashioned like that.
I see too many scenarios where one partner doesn't want to help the other and this is what the post sounded like to me. I was assuming this is how it was.
If it pertained to me and my life I would pay. My husband would do the same...we work equally. Now if it was some jack*** I wouldn't care what his name looked like. |
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fireyone
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| Posted: Tue Oct 07, 2008 2:15 pm Post subject: |
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...hmmm..split the bills. So...when he died, did she get "his" checking account? If so, there probably isn't a question to if she benefited.
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LifeIsGood
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| Posted: Tue Oct 07, 2008 9:15 pm Post subject: |
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| Could have only been a few bucks in there too??/ Maybe thats why he had all the credit bills...he didn't know how to save. Just an idea. |
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fireyone
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| Posted: Wed Oct 08, 2008 9:53 am Post subject: |
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| Quote: | | Lori, your line of thinking is in tune with mine, now whether that's actually the right way to think is just a matter of opinion. |
I know, 20 or 30 years ago wouldn't have been any question 
| Quote: | | As far as the credit card companies, yes, they are some of the biggest con artists in our economy today, but normally it is the individual who makes application for the credit card and agrees to abide by the terms and conditions of the card. Most people don't complain when they swipe the numbers off the card at the mall, but only when they get the bill. |
thank you..bravo
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Lori
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| Posted: Wed Oct 08, 2008 1:28 pm Post subject: |
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My biggest thing about credit card companies is how they try to lure teenagers into their trap. As soon as my son turned 18 all we got was applications in the mail. I don't even know if that is legal. I was afraid he would fall for it so I went and signed his name (without his knowing) on the opt out place here on the web.
I know it may sound like I took his decision away from him but I took int consideration his train of thought and how he was always taking easy ways out. |
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fireyone
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| Posted: Wed Oct 08, 2008 4:47 pm Post subject: |
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Others may disagree, but I think you did the exact right thing...our kids are now 30 and 27, we raised them to think pretty much the sky would fall in if they got a credit card...NEITHER ONE ever got into the trap in fact the 30 year old has NEVER owned a credit card in her life...and the son has one that he intentionally requested that it never be allowed to exceed a 500 limit...for emergencys only....it's sick and sad what happens when these are in the hands of immature 'grown ups' ... I know people my age and older that have several maxed out...
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Lori
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| Posted: Wed Oct 08, 2008 10:36 pm Post subject: |
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| I feel it was good. I think I told you his record and actions so I don't feel bad. I get caught in the credit trap long ago when my first hubby got kidney cancer. He was fighting for SS and we all know how long that can take. We needed something to help with the gas to and from the hospitol and bills. I will never fall into the trap again. We only have two that we had to take out after my accident and we paid faithfully and more than the monthly payment. We only have the one left to go and so we transferred it to a bank loan and then cancelled the card. I am not a credit card fan at all. |
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fireyone
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| Posted: Thu Feb 26, 2009 10:38 pm Post subject: repayment of late husband credit card |
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My husband and i were only married nines day before he died and he had a credit card in his name only before we were married with a outstanding balance of around $18,000.00 am i responsible for it? We have no estate and I live from pay check to pay check. they are calling me and say i am responsible for it. Sandra
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Sandra
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| Posted: Fri Feb 27, 2009 2:53 am Post subject: |
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It's definitely a moral issue. When my mom passed; I paid her bills bcause I knew that was something that was important to her. I wouldn't have felt comfortable not paying them even though they were significant.
I knew I wasn't legally obligated to pay them but I did it out of respect for her.
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Louise Jackson-Marquez
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jacksonfinancial
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| Posted: Fri Feb 27, 2009 8:26 am Post subject: |
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Setting ALL emotion aside and PLEASE no hate mail....I'm just saying.....
Paying a dead person's debt in which you as an Individual Natural Person Legal Entity DID NOT create and you have absolutely no legal responsibility for or any legal liability is INSANE.
The major credit card companies have lawyers and they know they cannot collect debt from a dead person who doesn't have any money in their Estate.
The RISK of that happening and occurring is built into the interest rates they charge when they issued the UNSECURED credit card in the first place.
If they were out of their mind worried about it they would have either DEMANDED a co-signer OR they would have DEMANDED a collateral assignment on your life insurance.
Further, just exactly who would you be paying this money to? A computer data entry clerk working in the payment processing center.
@ Sandra in my best Italian voice...forgetaboutit!
This post is not intended to be harsh or critical of anyone.
Our Gubment will bailout Citibank,.... but go try and get a loan from a bank because you lost your job and NEED the money....it will never happen.
You need to keep your money.
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GarySpicuzza
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| Posted: Sat Feb 28, 2009 8:57 pm Post subject: |
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Gary, I agree with you. Not hate mail, lol
I think it is a choice and that should be clear. Someone can choose whether they want to pay it or not. In Sandra's case, I think she should tell them to suck off and that they do not have permission to contact her via telephone anymore and that if they continue to harass her that she will file suit against them. Tell them to put their request in writing and then when it arrives, kindly reply to them that this account does not belong to you, you have no authorizations nor obligations to the account and that they are not to correspond with you any further and cc the FTC on it.
They harass people unrelentlessly because they are commissioned on the cases they collect on.
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Louise Jackson-Marquez
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jacksonfinancial
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| Posted: Sun Mar 01, 2009 6:17 am Post subject: |
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| Yesterday only I came across a diplomatic advisor of a local nenowned insurance co. As per his advice, there is a clause in the company's portfolio that the insurance benefiated to a nominee is not deductible by loans repayment, legally. The logic behind this is that the purpose of insurance is to recover the loss occured by the death of a working person. But there is a twist that you can not nominate a person (rather will be assigned) who is not dependant on you. |
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VIJAYRAJ
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| Posted: Fri Mar 06, 2009 1:53 pm Post subject: |
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| Quote: | | Our Gubment will bailout Citibank,.... but go try and get a loan from a bank because you lost your job and NEED the money....it will never happen. |
gary i agree with you in this aspect. the whole purpose of the system is If they make a mistake it can be overruled but any individual does that then it is insane in their eyes
Surely if any individual refuses to pay he has to face lawsuits but it is never the case when corporates fail to pay their dues to share holders becoz they are responsible for only 'face value.'
It's trick of the system. one must decide where they want to fit in.........
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amit
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| Posted: Sun Mar 08, 2009 6:33 pm Post subject: debt |
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to original topic
life insurance was bought to replace the deceased income and not the debts.Unless the loan was collateral,she has no obligation tp pay off the debt.She shoudl just refuse to pay off $100,000 and keep the insurance money.Since she is the beneficiary,noone has any right to take that money.
Many people said,morally she should pay and thats is what they have done but here we are talking legally and moreover how many times,people beleive that they do things morally through out their lifes.Moreover,this $100,000 debt,if she pays,goes to companies profit and loss account and they are in business to make profits and are making profits in billion$$$$$....so ya either way she should not pay....
deceased intention was to have his wife smooth life and thats why he bought life insurance....
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