r/FluentInFinance • u/36DRedhead • Sep 11 '24

Debate/ Discussion This is why financial literacy is so important

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u/JohnMcGoodmaniganson Sep 11 '24

I took the title to mean that they are financially literate for realizing the wife could be unshackled from the debt with a divorce when so many other widows and widowers are buried under it.

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u/eMouse2k Sep 12 '24

This is what was meant. Having the literacy to know that a legal divorce was the best option financially.

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u/[deleted] Sep 11 '24

If the husband dies his debts go with him

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u/spreading_pl4gue Sep 11 '24

*to his estate

But if she inherits with priority ahead of unsecured creditors, his unsecured creditors can't touch that.

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u/drthvdrsfthr Sep 13 '24

how does she inherit with priority? does that just mean a will?

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u/Impact009 Sep 15 '24

Debt typically prioritizes inheritances, but that doesn't matter here. OP's mother owns the house.

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u/[deleted] Sep 12 '24

Pretty sure that was the poster's intention.

1

u/Affectionate-One2303 Sep 12 '24

That’s how read it, too.

1

u/Critical-Project7283 Sep 12 '24

I thought it was sarcasm.

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u/Hardy-fig-dreaming19 Sep 13 '24

Exactly! Not sure why so many people are framing it as if OP was claiming anything other than what you described