Imagine suddenly you no longer exist, poof, from one day to the next there is no more you.
What if you knew that this day would come in a month?
What if it wasn’t for another year?
Or in 5 years?
Would you spend your remaining time differently than you do now?
If so, why aren’t you already doing it?
I’d put everything on credit cards that I’m responsible for. No co signer. So when I die there’s nothing they can do. Then travel the world. Also would withdraw my 401k and have fun. That’s if I’m dead in a year. By the time they figure it out, I’m dead (that is if I’m smart about how I do it).
What are they doing to do? Dig me up and put me in jail?
In some cases your debt is passed on to your heirs. Consult a lawyer familiar with your local laws.
In my place, you can either accept the inheritance in full (including debts) or decline in full. So you cannot say that you keep the car but won’t pay the loan.
This is completely illegal in the United States, and may also be in other countries.
If you live in the US and a collector comes after you for your parents’ debt, tell them to bite rocks (or if you can afford to, rake them over the coals in court).