Tuesday, November 20, 2018

Mini-Me and Maximum Bill

Verne Troyer is the actor famous for playing Mini-Me in the Austin Powers movies. He committed suicide by alcohol poisoning in April. After ingesting the alcohol, he called 911 and told dispatchers he wanted to die. He was rushed to the hospital but died 3 weeks later. He left an estate valued at $150K. Just recently the hospital which treated him filed a claim against his estate for $360K.

Three small points:

1. In Ohio, a creditor has six months from the date of death to file a claim for payment against the estate. If the claim is not made, the estate does not have to pay the debt.
2. Debts must be paid before the beneficiaries receive any assets. Troyer's heirs will not receive anything from his estate.
3. If there are insufficient assets to pay debts, the debts die with the decedent. The heirs are not responsible for them.
4. No snark when someone commits suicide.



 Photo Credit:  REX/Shutterstock  
 License:  Fair Use/Education (from linked article)