That depends on your life style. In Virginia, if you live in Richmond on your salary, you would have to make almost $50,000 in suburban DC to have the same lifestyle. The median household income according to the Bureau of the Census is $61,000/yr in the state of Virginia factoring for the last 3 years.
Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.
Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.
Depends on the will
Not unless the spouse signed the debt paperwork. However, will they chase one spouse to get to the other spouse, yes they will.
Yes Watson. But the real question is: can the spouse spouse the home after the reverse mortgage dies live?
Edward Culotta
22000
Yes, in West Virginia they will pay for the debt. Either through a reduced inheritance or because of perceived benefit from the debt.
Not unless both parties signed the credit agreement etc.
Yes, I believe that you can apply for it.
No. A widow or widower can only receive survivor benefits if the spouse was employed or self-employed, paid FICA taxes, and accumulated sufficient work credits.
In Virginia the estate will be responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved.
It is set by law. Typically it will be the spouse, followed by the children.
No, only the biological parents pay for their child.
No.
In Virginia, as in all states, the estate is responsible for all the debts of the deceased. That means before the estate can be settled, all medical bills have to be cleared. If there is not enough in the estate to cover them, the husband may not get anything.
"requirements" ... these vary by jurisdiction but typically spousal support is temporary, to give the spouse opportunity to become self-sufficient.