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it is ridiculous that more elderly people dont run up huge debts before dying.
start amassing massive credit lines.
buy hard assets and give to heirs.
it is absurd to die with less than 250k in credit card debt.
i guess the problen is your dumb estate and not knowing when youlll die. but if youre asset free, why not run up some debt?
some people used to pay off nondischargeable student loan debt with dischargeable credit cards. doesnt work…fraud…
but a generally broke 80 year old …seems reas. to maintain good credit and maxvout cash advances…make min payments. live high on the hog