A simple question to Barefoot Investor Scott Pape about what happens to gambling debt when someone dies has sparked alarm.
In her email to the financial guru, a reader named Sharron said her adult son had asked a hypothetical question: ‘What happens if someone dies owing a large gambling debt?’
‘Sadly, this is the reality for many young men today,’ she said, explaining that while her family was not directly affected, her son knew men with babies who were struggling.
She also asked whether such debts would be paid from a deceased person’s estate.
Pape’s response was stark and urgent.
He advised Sharron to immediately speak with her son and ask if he was feeling suicidal.
‘Stop what you’re doing right now and go and find your son. When the two of you are alone, I want you to ask him the following question without flinching: Have you ever thought about killing yourself,’ he said.
‘Don’t fill in the silence. Let him answer. Maintain eye contact.
Financial advisor Scott Pape (pictured)has urged a mum to check in with her son after he asked what happens to a gambling debt when someone dies
‘The best case scenario is that I have completely overreacted, and everything is totally fine.
‘The worst case scenario is too heartbreaking, and too final, to walk back from.’
Mr Pape said the question was a ‘warning signal’.
‘I’ve spoken to enough heartbroken parents who would give anything to have that awkward three-minute conversation,’ he responded.
‘Whatever he says, let him know that you are there to support him with anything he’s going through.
‘Don’t mess around with hypothetical questions like this – treat it as a warning signal.
‘If you’re reading this and thinking “bloody hell, that’s me” – stop suffering in silence. You don’t have to do this alone. Pick up the phone and call 1800 858 858.
‘The people on the other end of that line have heard it all before. They won’t judge you.
‘And they actually know how to help. It’s free, it’s confidential, and they’re there 24/7. Sometimes the hardest part is just making the call. My advice? Do it anyway.’
