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If I owe my parents money and they die, what happens? Louisiana, USA
If I owe my parents money and they die, what happens? Louisiana, USA Say my parents are needing some cash flow, but due to disability, they can't work. If they earn income, they lose the benefits. If my family moved in with them, and they sold half the property to us for a few hundred thousand dollars (Fair market value) with a note of $3-4k, what happens when they die? My thought is that 50% the debt is absolved...
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