Legal Question in Wills and Trusts in Michigan
My grandfather (no blood relation) passed away in November. The trust documents indicated he was leaving his residence to my grandmother and I. However, there is a lein in the home due to a second mortgage. He has alot of debt and unpaid taxes. Is it best to walk away from the property to avoid having to pay the $64,000 second mortgage off?
Asked on 1/15/13, 11:15 am
1 Answer from Attorneys
Timothy Klisz
Klisz Law Office, PLLC
It is possible. You would to review everything to see if this is the best idea for all involved.
Answered on 1/15/13, 12:00 pm
Related Questions & Answers
-
Is a persons life insurance considered part of their estate? Asked 1/14/13, 11:20 am in United States Michigan Probate, Trusts, Wills & Estates
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
