Basically, I’m 25M and never had a real job. 2 days ago, my father just had a CVA and it’s at death’s door, having been the only income for our family his whole life. While he was a god awful parent to me, he did give us everything we needed, and he was a great dad to my sisters.
Now that he’s about to die, we not only lost our only provider, but he’s leaving us with a huge debt to pay (over 3M in local coin, around 3k USD) due to all the loans he took the last 2 years to buy fancy stuff for himself and my sisters, and being the older brother, it falls on me to bring the food to the table.
I honestly don’t know what to do at this point, I feel overwhelmed by all the sudden responsibilities, and running away isn’t an option, I can’t bring myself to leave my sisters and mother behind.
In the US, debt usually comes out of the estate, but that’s not necessarily the case when there’s a surviving spouse. That is, if your only remaining parent died with 3M in debt, and all of their assets had a combined value of 500k, in most cases the creditor would apply that debt to the estate, and the remaining debt would be cancelled. (Althouth they’d likely try to get you to pay anyways.) But if your mom is a survivor, and they held the estate jointly, the creditors probably can not do things like take the house in probate.
But you def. need to get an attorney here.