Legal Question in Wills and Trusts in California
If I co-sign on a home loan for my son in California, then die while the mortgage is in good standing (all payments current and up to date), are there any legal implications from that co-signing that would hinder the settlement of my Living Trust in a timely manner, or place obligations on my estate by his mortgage lender even though I'm dead?
Asked on 3/08/12, 11:39 pm
1 Answer from Attorneys
George Shers
Law Offices of Georges H. Shers
When you die your estate then becomes liable for the co-signing; then the persons to whom it is distributed would share in the liability if the estate is to be closed.
Answered on 3/10/12, 2:06 pm
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