It is clearly bothering you and I find it nice that you started thinking about potential complications in the future. You definitely should consult an attorney; actually not "an" attorney. It should be someone who deals EXCLUSIVELY with estate planning and family law, in connection with real estate of course. Many attorneys advertise everything but the kitchen sink in their portfolio, many say that "law is law", but quite frankly I would prefer that my appendix is removed by a surgeon and not by a dentist (nothing against both of course!). Don't procrastinate, do it now! You already made the first step. Good Luck!
I would highly recommend that you speak with legal counsel on this question because there are many factors that can affect the situation such as how you are holding title, etc.
Sohail A. Salahuddin | Group Founder
Innovative Property Consultants Group | Sales and Leasing
Jameson Sothebyâ€™s International Realty
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The best advice is see given to tiy here is for you consult with an estate attorney. If you should pass before your spouse I am sure you would want the transition for your spouse to be smoothly as possible. It is a living a thoughtful person that thinks ahead these just incase situations.
If you are not currently on the title then contact an attorney to have a Quit Claim deed prepared to add yourself to the title.
Senior VP of Mortgage Lending
I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.
Wishing you all the best,
De Vonte Williamson , LSA
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Coldwell Banker Residential
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I am not an Attorney or a Mortgage guy, but from what I have seen, just keep paying the mortgage.
The Mortgage Company is usually happy to just continue to recieve their checks. Why would they want to make you sell the home or foreclose if they get the check each month.
I would highly recommend visitingwith an Attorney or Estate Planner to make sure all issues are covered. A Life Insurance policy also goes a long way to avoid problems after a beloved spouse is gone.