Legal Question in Wills and Trusts in New Jersey

Will-Paying off HELOC

My Father's will is in probate and we have an attorney. House A and B with no mortgages left to siblings with 2 Helocs encumbering House A. The will states that the net proceeds from sale of house B be used to pay off the Helocs(since sibling living in House A but moving this month). We have sold House B. Are we held to the terms of the Will to pay off both Helocs or can we just pay one now and the other on sale of House A?


Asked on 2/24/09, 2:56 pm

1 Answer from Attorneys
Richard Vallario Richard W. Vallario Law Office

Re: Will-Paying off HELOC

It is impossible to accurately answer this without reading the actual Will. What does the Estate attorney advise?

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Answered on 2/24/09, 3:00 pm


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