NOT SO FAST!

I guess it all boils down to the fact that you must ask the right questions in order to receive the right answers!

I called both credit card companies this morning good and ready to cancel my Payment Protection Plans. But first, I asked a very important question: Will my credit card balance be paid upon the event of my death? The answer was “yes, in full within a certain limit” (for which I qualified) as long as the Plan is in place and the company has been notified of the death of the card holder. If there is no credit card payment protection plan in place, the deceased’s estate is responsible for the payment of the balance owed.

Well, this puts a whole new light on the subject! Since I have just about enough life insurance to cover my cremation and the balance to be used as the kids see fit, I have kept the Plans to cover the balance of the credit cards.

The only big headache that remains is the debt of the condo and its operation. Since it is also in my son’s name, I guess it will be his headache to do with as he pleases.  At this point, I have no other debt.

Contrary to how this all sounds, I am not planning to leave this earth anytime soon (I’m living to the ripe old age of 97, remember?) but it pays to get the facts and kind of get things in order (just in case).

Now, I must get a will drawn up! Gotta make sure my dust bunnies go to a good home after I die!