Legal Question in Real Estate Law in Illinois
Obligation to Pay for Home
If a married couple each have wills and one should die, leaving an unpaid home to a specific child, who will be responsible for the dept? The child or the spouse?
Asked on 3/17/08, 6:53 pm
1 Answer from Attorneys
Nicholas Chrisos
Nicholas G. Chrisos Attorney at Law
Re: Obligation to Pay for Home
It depends on how the spouses held title to the home. If they're joint tenants, it passes to the other spouse. If they're tenants in common, it will pass to the heirs. You probably need to talk to a probate attorney for this.
Answered on 3/18/08, 2:19 pm
Related Questions & Answers
-
Real estate what is legal age to buy real estate in Illinois? Asked 3/16/08, 10:43 pm in United States Illinois Real Estate and Real Property