What is the name of your state (only U.S. law)? Texas
Since my father had accidental death insurance on his mobile home, car, and motorcycle (he was killed on it), on 3 separate policies, I realize that the assets will be paid for with money left over from the auto's to help cover his debts. Since one of his largest debts is property taxes owed on his land, and there won't be enough money left to pay them in full, will we be required to sell the home and or vehicles to pay off the land?
I had planned to keep the car - as my father wished, and my brother wants to keep the motorcycle...
Than ks in advance.
Since my father had accidental death insurance on his mobile home, car, and motorcycle (he was killed on it), on 3 separate policies, I realize that the assets will be paid for with money left over from the auto's to help cover his debts. Since one of his largest debts is property taxes owed on his land, and there won't be enough money left to pay them in full, will we be required to sell the home and or vehicles to pay off the land?
I had planned to keep the car - as my father wished, and my brother wants to keep the motorcycle...
Than ks in advance.