Dying In Debt

I want to go like my gangster Uncle Buster. Five hundred million in the red. Pulled off the highway in his Porsche shot in the head they drove off he's dead.

Suppose now one  has no money no possessions and no debt i.e. a financial balance of Zero. A beach bum or a hippy or a tramp. Technically he would be taking his money with. Freedom's just another word for nothing left to lose. You can go further than this. They say often of very rich people you can't take your wealth with take your money with. Not quite true. Not quite.

Money owed, debt will be written off in effect taken with the deceased, e.g. it could be when the state is insolvent, the inheritance bankrupt. If I could recourse to elementary mathematics and compare to arithmetic and to negative numbers. Debt is owning negative money. If I owe you ten rand I must repay R10 it is means I have, or own, minus ten rand i.e. -R10 of yours.

Whilst if one is owed money by other parties and passes away? Technically for you that money is lost. Or first stealing your money and if you die the result stays the same.

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There is another way of dealing with debt. Suppose I have gambling debt a very large sum. How can we repay the debt? Say that you cannot and will never can. Owe them money take them out for example a casino literally physically attacked and burned to the ground the debt destroyed with it. Send them together and with my debt to kingdom come.

Is it worthwhile? In effect logically you stand to lose nothing. Take the enemy out. No consideration no regard no question of price or cost and none of money. Lose you lose everything and winner takes all. Win you win all. Defeat as your own complete annihilation if together with a terrific debt owing it makes no difference.

Don't deceive yourself it is war. It is life or death. Not just money but survival.

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Children and chronically ill psychiatric patients are easiest to rob. As are “old” people. Whose money is it anyway? If the person doesn't have access to funds what is the use anyway? It is not really his. One step above sitting wasting your life in a home rolling smokes from pipe tobacco and newspaper coughing and listening to the radio. Who cares. Bob Dylan spoke of old men with broken teeth stranded without love.

Some people have disability due to employment even often people who have sustained an injury at work end up in this position. Or with insurance policies. Mental patients are obviously easy prey. Concerning inheritance or insurance an executor and curator are appointed in a court and usually are family. In practice the person himself (a patient) is often just a nuisance. The easiest way to prove that someone is paranoid is to make them paranoid. And tell everyone about it. You are then at their mercy, how can you defend yourself?

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The doctors themselves stand nothing to gain, anyway finances are much more a legal matter. They also don't want a hospital to be a convenient dustbin for unwanted people, also would much rather help the patient the psychiatric professions are always hungry for success stories.

Funds usually would be in a trust which is administrated but in practice who has access to money? Suppose a very large amount when there's obviously more than enough now what if the family had all the say? But what if you earn money by yourself and your own? A completely independent source of income. Suppose you are a highly qualified and experienced professional person able and willing for private employment.

What now? This is money you yourself have earned and it is yours and nobody else's. Of course examples are in a bit of extreme and given are not very common situations.

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It is calculated how much you should have at a fair allowance and other essential costs and expenses. And then decided what and how much you need. But now suppose the trust is extremely large? Well whatever is extra will not be yours. This is what I would like to know.

You see the problem is exactly this, with a mental illness a person is often not able or allowed to make any important decisions for himself due to the inherent nature of the problem. Whoever too stands to benefit from a trust including for example at your own death is ultimately not your decision. As is any important decision in life. Short and sweet.

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But what if you earned substantial income yourself? Independently? I think this is tricky. Surely someone can't just take it with impunity after all it's yours not family nor anyone else, fair and square. Earned. What if the source is completely different? Even now and ongoing?

Surely, earned money elsewhere is your money and has nothing to do with family or doctors, and should not concern them or anyone else. If someone has say on your funds and not you, then it is his money, not yours. In the ideal case to be fair I would say the money should be finished around the time of expected lifespan and not later to be taken by anybody else.

Money can't buy you happiness, but it is better to be rich and miserable than poor and miserable. It is better to live rich than to die rich.