First-time poster here, looking for some advice.
I'm 29, married to a guy who is in grad school, and we live with his parents in Southern California. Both of us make okay money but are in the process of trying to pay off substantial credit card debt and have virtually no savings after he spent a while unemployed.
This past weekend, my mom told me that she will die this year of kidney failure most likely 3-9 months from now. Her donated kidney is failing and she doesn't want to go through dialysis or chemo because they're excruciating, expensive, and are only a temporary fix to a problem that will inevitable kill her. Obviously, I'm heartbroken and just want to do what's best for my mom but also am worried about my future financially. She told me that she will be going into hospice care probably in a month or so, depending on her health. I'm an only child, have no dad in the picture, and she has very few friends and no other family willing to help. She also lives in Oregon, so I will have to fly, maybe multiple times and take time off work which will be unpaid.
She has told me that she has life insurance, which will pay $25,000. I expect to pay a lot of that for her cremation and memorial services. So, with that, here are my questions:
I'm pretty sure there is no way my mom can pay for hospice care herself. Will those bills get passed on to me?
Are there any kind of debts that get passed on to next of kin? I know my mom has student loans from a vocational school she went to a while back. Could I end up having to pay those?
How soon after a person dies does life insurance pay the beneficiaries?
Thank you.
Submitted February 19, 2019 at 09:10PM by wish-i-was-a-witch https://ift.tt/2NftKY2
