I recently remarried (4 yrs ago) and moved into my husband's home. The house is in his name only. We have one joint checking and joint savings account (in both our names). All of our income gets deposited into these accounts and we pay all of our bills out of these accounts (mortgage, vacations, furniture, groceries, child support, home renovations, auto leases, insurance, etc.).
If my husband predeceases me what happens to our home given that my name is not on the mortgage or the deed? Am I financially responsible for continuing to pay the mortgage? (I could not afford to do so on my own) Could I legally sell the house if it's not in my name??
We have no prenuptial agreement. My husband has no plans to put my name on the mortgage or deed (and given that I had to file bankruptcy after my divorce it's probably not a wise move for him credit wise to do so?)
My husband is healthy and will hopefully outlive me by many years, but this is something that concerns me a great deal. Hope someone can give me some sound advice! Thanks!What is the name of your state (only U.S. law)?
If my husband predeceases me what happens to our home given that my name is not on the mortgage or the deed? Am I financially responsible for continuing to pay the mortgage? (I could not afford to do so on my own) Could I legally sell the house if it's not in my name??
We have no prenuptial agreement. My husband has no plans to put my name on the mortgage or deed (and given that I had to file bankruptcy after my divorce it's probably not a wise move for him credit wise to do so?)
My husband is healthy and will hopefully outlive me by many years, but this is something that concerns me a great deal. Hope someone can give me some sound advice! Thanks!What is the name of your state (only U.S. law)?