In most cases the spouse has a right in the property, even if they are not on the deed. If there is no will, the spouse typically inherits the property.
Funds are transferred to the surviving spouse
The surviving spouse becomes the sole owner.
It passes to the decedent's heirs, the spouse of which will be one.
If the married couple took title to the property as "tenants by the entirety" (a method of taking title reserved for persons married), then there is a right of survivorship whereby the surviving spouse becomes the sole owner of the property. This happens automatically. Typically, you would also file/record an "affidavit of surviving tenant by the entirety" indicating that one of the spouses has deceased so that when/if you go to sell the home, the title company and buyer will not be looking for the signature of the deceased spouse.
100% everyone dies.
The child go to the other parent.
what happens to paided off car if spouse dies
There will be a section of the will that discusses the remainder. That will apply to the leases.
Usually the filing of the death certificate with the title is enough to insure title is transferred. The executer of the estate will usually take care of getting the title transferred.
what happens if your husband dies and i am on deed,but not on loan.am i responsible for the loan and do i keep the house/
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 Watson. But the real question is: can the spouse spouse the home after the reverse mortgage dies live?