Debt is only a part of the equation. What is their net worth?That is what is important. I finally just recently got Mom to do a Living Funded Trust.She is 89 and not in very good health.The trust will keep their estate out of probate and could keep attorney fees from eating up what is left. That may be of benefit for you to consider, but take the advice already given and contact a good estate attorney.Old people are not always rational. Mom had run up a $30,000 credit card debt and she is very rational by most standards of measure.Just lonely.Says "they"all know her in the stores. Well, I reckon! Good Luck !
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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