This is not the same situation as passing off debt. This is where you may have co signed on something and of course you are legally obligated. That’s not being argued, completely different situation.
Thats true, there is an element of voluntary participation in the art of co-signing; but the problem is from the poor perspective. Cosigning is really the only way to get some of the things that you can’t live without like a house an apartment or a car. For example, I used to be a teacher in the state of Kansas and none of the new teachers leaving college entering the workforce. We’re financially stable enough to get a car without a cosigner. So unfortunately, someone is going to inherit that debt if they die.
You don’t inherit debt you co-sign for. That is YOUR debt you a teaming up with the co borrower to pay for (doesn’t matter if you contribute any $$ or not). It’s still not the same thing as what’s being discussed.
This is not the same situation as passing off debt. This is where you may have co signed on something and of course you are legally obligated. That’s not being argued, completely different situation.
Thats true, there is an element of voluntary participation in the art of co-signing; but the problem is from the poor perspective. Cosigning is really the only way to get some of the things that you can’t live without like a house an apartment or a car. For example, I used to be a teacher in the state of Kansas and none of the new teachers leaving college entering the workforce. We’re financially stable enough to get a car without a cosigner. So unfortunately, someone is going to inherit that debt if they die.
You don’t inherit debt you co-sign for. That is YOUR debt you a teaming up with the co borrower to pay for (doesn’t matter if you contribute any $$ or not). It’s still not the same thing as what’s being discussed.