Posted on: 17th Feb, 2010 02:36 pm
My father passed away and left 50% to mother and I guess 50% to siblings. We transferred our 50% to mother. Mom died. What happens, does the shares 100% come back to Siblings. Can we be held liable for the mortgage which my mom and dad signed only for the mortgage, none of the siblings did? Please respond. Thanks
>>does the shares 100% come back to Siblings. Can we be held liable for the mortgage which my mom and dad signed only for the mortgage
No, but the bank will take the house if you don't continue to make the payments.
If your Mother didn't leave a Will or Living Trust, her Estate will have to go through Probate and properly distributed. Each State does Probate a little different, so it'd be best for you to consult with a "local" Probate Attorney to determine how to proceed.
No, but the bank will take the house if you don't continue to make the payments.
If your Mother didn't leave a Will or Living Trust, her Estate will have to go through Probate and properly distributed. Each State does Probate a little different, so it'd be best for you to consult with a "local" Probate Attorney to determine how to proceed.