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Company Loan Type APR Est. Pmt.

Life estate

Posted on: 15th Jan, 2011 07:08 am
my mom has deed with a life estate, my name and my brother are listed on deed. will we be responsible for her debt ie paying taxes on property. Can they put a lein on my personal property or non paymant of mother taxes?
Welcome Mommalucci,

As your names are mentioned on the property deed, you'll be liable for paying property taxes. If the property taxes are not paid on time, then the tax department can place a lien on the concerned property.
Posted on: 16th Jan, 2011 10:15 pm
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