I think that I would feel comfortable to have 30% of my assets in debt, but I never had debt before, so I am not sure about that.
For instance, if my total assets are $100,000, then I would feel confident in getting $30,000 in debt.
Kansieo.com
One of their children wants to purchase the house or assume the mortgage from them now and become the new owner. If the house is sold/transferred in this manner and no longer belongs to my older family member with the large debt, will creditors try to come after her child upon her death?
The house is located in Florida.
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