JTWRS

80yr. old father in Florida, his 70yr old girlfriend,
intend to purchase equally, with cash, a condo; joint tenant with right of survivorship.

if a joint mortgage was secured, and father dies, or
becomes incapacitated (requiring institutionalization),
would his estate be required to continue the mortgage
payments, 1. if death occurs? 2. when in institution and death is assured? (surviving girlfriend sues to require the continuation of payments ?)

also if father becomes incapacitated, can son with
proper power of attorney over financial and medical
concerns, refuse to continue making his mortgage payment?

if father dies, can lendor sue estate for mortgage payment.

if father dies, and lendor does sue estate, can estate force
the sale of condo, to lessen amount owed.

thank you,

chobie

[HomeGuru]

Post on the Estate board.