<prompt> Human: Good article from ABC on handling parents assets and debts after they pass. An excerpt:Blogger John Schmolls father left a financial mess when he died: a house that was worth far less than the mortgage, credit card bills in excess of 20,000_and debt collector s who insisted the son was legally obligated to pay what his father owed.Fortunately, Schmoll knew better.Ive been working in financial services for two decades, says Schmoll, an Omaha, Nebraska, resident who was a stockbroker before starting his site, Frugal Rules. I knew that I wasnt responsible.Baby boomers are expected to transfer trillions to their heirs in coming years. But many people will inherit little more than a pile of bills.Nearly half of seniors die owning less than 10,000 in financial assets, according to a 2012 study for the National Bureau of Economic Research. Meanwhile, debt among older Americans is soaring. It used to be relatively unusual to have a mortgage or credit card debt in retirement. Now, 23 percent of those older than 75 have mortgages, a four-fold increase since 1989, and 26 percent have credit card debt, a 159 percent increase, according to the Federal Reserves latest data from the 2016 Survey of Consumer Finances.  <response>: My mom died when i was in my late 20s. She was an alchoholic and poor money management. When her will was being read. My sister had rose colored glasses on. There was nothing worth a damn besides a chevy luv and her jewelry. I saw her crying and asked what was wrong. She seemed to think it was going to be a hollywood ending. I laughed so hard. Step dad thought i was insane. I said keep it all. And walked out. Never talked to step dad again and my sister got hooked on meth and is a wreck now adays. Me. Normal. Was poor back then. Have turned my life around and have never looked back. I plan on leaving my son and daughter a trove of treasures when i die. Property. Guns. Cars. Motor cycles. Memories. As much money as i can. 