Legal Question in Wills and Trusts in Florida
I am the Personal Representative of an Estate as well as the spouse of the deceased. At the time of my husband's death he had a home along with a second mortgage. My name is not and was not listed on the mortgage loan at the time of his death. For a period of time I was able to maintain these debts but I am now financially unable to make payments and I am considering not paying anymore. Both accounts are listed as such The Estate of the Decedant's Name c/o My Name. I recently received tax info for both accounts and it lists the decendant's social under the borrower's social. I would like to quick sell the property so that I am no longer responsible. My question is one what are my options? If I walk away am I legally responsible for the debts? Can the creditors come after me for the balance of the debts?
1 Answer from Attorneys
It will depend. Is this also your homestead? You could sell the house and payoff the mortgage and be done with it.
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