So I was just thinking about this and thought it might be a good idea to leave your family some money while fucking over the bank on your way out. The creditors would go after your worthless estate only to find the recently purchased assets are missing, but you're already dead and can't be charged with fraud. And if you do some decent opsec, they can't implicate your family either.

I assume without laundering the money, your family would not be able to use it on anything big. And your available credit wouldn't be enough to make a massive quality of life improvement for your loved ones. But even if they only spend it on groceries and hobbies for a few years, it would make a nice goodbye gift.

Am I missing anything that makes this a horrible or unacceptably risky idea?

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[–] thebartermyth@hexbear.net 11 points 1 year ago

first of all: piratemaxxing rat-salute-2

but yeah, to add to the other people who have explained how this would fall apart / be hard:

The creditors would go after your worthless estate only to find the recently purchased assets are missing, but you're already dead and can't be charged with fraud.

the estate would probably be the one charged with fraud. then when your family went to retrieve / sell / launder the assets they would be charged with fraud & other stuff.

I assume without laundering the money,

Not to be semantic or anything, but I think this would already fall under money laundering unless the intention is to keep the treasure buried for really long and have a future generation indiana jones it back later. Honestly maybe still illegal though? Idk where the line is.

Am I missing anything that makes this a horrible or unacceptably risky idea?

I think the typical strat of sorts is to just continuously max your cards on normal stuff (not gold bars) and then declare bankruptcy to get out of the debt. It's not definitely not a get rich quick strat though. Legally I'm pretty sure that taking on more credit card debt with no intention of paying is a crime or something (fraud?), but defaulting on credit card debt happens to people all the time cause the rate is so high so you can also definitely do this unintentionally very easily.