Legal Question in Wills and Trusts in Kentucky
Wills
Must mortgaged property be sold to pay the debt upon death with distribution of profit, or do beneficiaries of a will take on the mortgage along with the property?
Asked on 10/19/08, 7:53 pm
1 Answer from Attorneys
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Re: Wills
Usually, the mortgage provides that the debt is due upon death of the borrower, so it would need to be satisfied as a part of probate, unless that lender agrees to allow others to assume the debt.
Answered on 10/19/08, 9:11 pm
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