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Wills

Discussion in 'General Discussion' started by awaybreaktoday, 20 Oct 2009.

  1. awaybreaktoday

    Perma Banned

    Joined: 15 May 2006

    Posts: 4,107

    Location: London

    In a will can you state who is responsible for all you unpaid debts, for example I want to leave all debts I have to British Gas.. Can this be done.. Also at the same time I am leaving all assets to my girlfriend.
     
  2. AGD

    Soldato

    Joined: 23 Nov 2007

    Posts: 5,048

    lol.

    Yes you can definitely do that. 100%.
     
  3. Liefrich

    Wise Guy

    Joined: 22 Dec 2005

    Posts: 1,131

    Location: Cardiff

    Most debts are taken out of your estate before it is divided between your beneficiaries.

    Asking British Gas to pay the remnants of a mortgage or other large debt, probably won't stand up :)
     
  4. The Dread Pirate

    Capodecina

    Joined: 15 Aug 2007

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    Location: Outside in the bushes

    So I could leave all my debt to Gordon Brown?
     
  5. awaybreaktoday

    Perma Banned

    Joined: 15 May 2006

    Posts: 4,107

    Location: London

    So I would be best of selling them to beneficiaries first for a nominal fee?
     
  6. mollymoo

    Mobster

    Joined: 5 Mar 2009

    Posts: 2,964

    Location: North

    Course you can, in fact you can do whatever you like in a will, you will be dead so would you care?
     
  7. awaybreaktoday

    Perma Banned

    Joined: 15 May 2006

    Posts: 4,107

    Location: London

    Do not want to leave debt to family or friends, want to leave all of it to someone else.
     
  8. JBuk

    Capodecina

    Joined: 28 Nov 2002

    Posts: 11,039

    Location: Cumbria

    Yes, yes you can

    but it won't having any legal standing
     
  9. JBuk

    Capodecina

    Joined: 28 Nov 2002

    Posts: 11,039

    Location: Cumbria

    your debts will come out of your estate and yours alone
     
  10. Liefrich

    Wise Guy

    Joined: 22 Dec 2005

    Posts: 1,131

    Location: Cardiff

    For example:

    If you own a house with a sizeable mortgage when you die and you leave your house to your g/f. She will be legally bound to pay off your mortgage, BUT most people will if there isn't enough cash in your estate simply sell the house thus paying off the mortgage and then retain the remainder.
     
  11. Pish

    Gangster

    Joined: 6 Jan 2009

    Posts: 393

    its strange, i bet if you left all your money to british gas they would take it
     
  12. Rich_L

    Capodecina

    Joined: 18 Oct 2002

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    Location: Santa Barbara, Californee

    Best question I've seen on the forums for a while :p
     
  13. JBuk

    Capodecina

    Joined: 28 Nov 2002

    Posts: 11,039

    Location: Cumbria

    of course they would, but they would only get the leftovers of the estate after the creditors have been paid
     
  14. Skully

    Sgarrista

    Joined: 6 Jan 2004

    Posts: 9,651

    Location: Halesowen

    Well he is leaving his to us so why not?
     
  15. philjohn

    Mobster

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    Posts: 2,945

  16. semi-pro waster

    Man of Honour

    Joined: 27 Sep 2004

    Posts: 25,829

    Location: Glasgow

    I like the idea, there's a certain amount of ingenuity there but sadly no, you cannot leave your debts to anyone - you can leave them the proceeds of your estate but that's not quite the same thing.
     
  17. wesley

    Soldato

    Joined: 29 Jul 2003

    Posts: 7,450

    what happens if you havent state anyone for unpaid debts? go to next kin?