Legal Question in Wills and Trusts in California

My mother has a Living Trust and there our 3 family members(2 sons,1 daughter) who are in the Living Trust. If she should pass away and her current home, which has a balance would end up in foreclosure, would the 3 of us be liable for that loan? We are not on title or the original loan. Please advise.


Asked on 11/13/09, 6:01 pm

1 Answer from Attorneys
Scott Linden Scott H. Linden, Esq.

The estate would be liable for the loan balance, not the individual beneficiaries.

If you would like to discuss this matter further in a more private forum, please feel free to contact me directly at the email address provided by LawGuru or through my website located at PasadenaEstatePlanning.com

IMPORTANT:

No attorney-client nor confidential relationship is created through this communication. You may not rely in any way on this communication, and nothing herein constitutes legal advice nor legal opinion. Your issue may be time-sensitive and may result in a loss of rights if you do not obtain an attorney immediately.

Read more
Answered on 11/20/09, 7:07 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in California