Legal Question in Credit and Debt Law in California
Me and my Mom have a Joint Account. Mom passed away and I decided to remove her name from the joint account 4months after she passed on. Recently I've been notified that she has a mortgage debt . My question is am I responsible for paying that debt from the money I inherited from the joint account? Can the debt collector go after the money I inherited from my mom such as Life Insurance and the money from our joint account?
1 Answer from Attorneys
Life insurance, no, unless the insurance was payable to her estate rather than you as named beneficiary. Money from a joint account, they may be able to go after. If it was a joint tenancy account or pay on death, then they probably cannot reach it. If it was her money with you just as a joint signatory, then you will probably have to pay that money toward the mortgage.
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