My father died and now the house is mine, but he had a lot of credit card debt...? - york county deed transfers
My father died last week. My mother is the beneficiary of life insurance and, as his name on the deed to the house is now the sole owner of the property.
My mother wants to transfer the deed to me (we are ready).
My question is: Since my father had some credit card debt (all under his own name, my mother is not) in one of the cards, the creditors may be a lien on the house before or after it is set to transfer to me? So if you are not a lien, he may take against the house (my mother or I) responsible for his debt?
We live in New York (Suffolk County) and do not have the company credit card information over the death of my father. Anyone can offer help would be great.
Thank you!
Friday, January 22, 2010
York County Deed Transfers My Father Died And Now The House Is Mine, But He Had A Lot Of Credit Card Debt...?
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8 comments:
Fathers can not legally her property without paying off their debts will be distributed. You can not legally hold title to their mother until the debt has been paid in full. It can: the house must be sold, although the insurance money may also be used.
In fact, you really need to talk to a lawyer about this property.
As a general rule that "a person of property is liable to pay debts. So that your parents would hypothetically pay for assets. There are some exceptions ... one of them can you at home.
Typically, common property goes to the victim (his mother) in this case. This means that the house is not as "property or property rights. This is the same for a jointly owned bank account - what happens to the surviving owner.
their assets should be legalized and then, if all are paid if the house can be said to leave you. Thus, before the hand to the use of credit cards over the assets of the given
You can file a claim to her heritage. Assets will be sold to repay debts. any outstanding debts, which only.
The company credit card is the sun.
Everything depends on what title was given. If they all tenants or tenants in common with the law of survival, the earth goes beyond the probate court and can do whatever you want on the farm. Your tax consequences in May, as a major problem
He died. Link to join your property. House was not, if you have a death certificate.
A probate lawyer involved or contact the Office of the County Independent
This plan is so peppered with holes, is the axle of the truck broken.
If your mother take you to the title, you donated liabilities. It could be a significant problem is present at the level of the house is worth.
It seems that the change of ownership has been unwilling to pay, and these credit cards. If so, can a transfer be revoked by the court.
That's what happened. On the credit card companies probably continue to succeed his father and win. So they try to collect. Putting a lien on the could be a step in this process.
Both need to talk to a lawyer and property taxes before doing so.
One final thought. His father ran the debt and does not seem to pay half. Do you think that paying the credit card companies?
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