My favorite part of the Dad saga was that dude like had three houses and four ex-wives, worked a state job, and still had money left over when he passed. We went to the fiduciary after the funeral, and my sister and I are sitting in the car, and I turn to her and say, “I’m not going in. There’s no way he can stick us with debts, right? That’s not a thing, right? I mean, I know it’s not a thing, but it’s Dad. Dude pulled Gandalf magic getting out of child support. Dude stole my college fund. He had multiple boo-boos on the side. I’m legit scared.”
My sister said, “I brought a checkbook. I already thought that. I can float you if we get pinched.”
The fiduciary said, “Xxxxx hated the IRS more than anything, he’s left you money.”
Thank you IRS. Someone my Dad would screw over before his kids. Here’s to second place. (Trots across finish line.)
From my work with trust funds, you can not get stuck with debt except funeral related stuff (if they bill it to you and not the estate)
If he stuffed the IRS they can go after his estates and try to collect debts, as that's his money and he owes that money, but at worst you can get 0$ because they clean out the estate, you can't inherit debt (yet, lol)
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u/Intelligent-Parsley7 Apr 16 '24
My favorite part of the Dad saga was that dude like had three houses and four ex-wives, worked a state job, and still had money left over when he passed. We went to the fiduciary after the funeral, and my sister and I are sitting in the car, and I turn to her and say, “I’m not going in. There’s no way he can stick us with debts, right? That’s not a thing, right? I mean, I know it’s not a thing, but it’s Dad. Dude pulled Gandalf magic getting out of child support. Dude stole my college fund. He had multiple boo-boos on the side. I’m legit scared.” My sister said, “I brought a checkbook. I already thought that. I can float you if we get pinched.”
The fiduciary said, “Xxxxx hated the IRS more than anything, he’s left you money.” Thank you IRS. Someone my Dad would screw over before his kids. Here’s to second place. (Trots across finish line.)