Posted on: 08th Jun, 2011 01:16 pm
My husband and his sister bought a house before we were married the house is in both names and the loan is in both names. If my husband dies and am I responsible to pay for this debt or just his sister since her name is on the title of the house and the loan for the house?
It would depend on the type of estate they own together if you are liable for property after death. Also, depends on the state you live in whether its a community property state or not. If they are joint tenants, then the property would go to his heirs, your self and any children. Being responsible for the loan would depend on the type of statue of your State, whether community property or not.
Chris, when you said "the property would go to his heirs, your self and any children," I think it may be confusing to our poster. After all, upon his death, title would still be vested in his sister's name; so though, Mrs. might have a claim of ownership, it wouldn't be exclusive by any means.
I just wanted to get that clarification out there.
I just wanted to get that clarification out there.
