recycbride
Member
In ohio what happens when a deceased's wishes in their will/trust was to pay off the mortage of their home--mortg. 110k--sale value of home about 125K--and put the home in the trust for their live in companion to utilize--but there is not enough funds available in trust to do this---also, the deceased's son is 25 and according to the trust--this trust remains ineffective till he is 40--at that time it is dissolved and whatever is left in it is his---if this house has to be sold now what happens to any possible residual from sale-does the son get it? also, if some other family member decided to pay off the mortgage so the companion of deceased could live there would the house still revert to the son upon his 40th yr or would the person who paid it off have ownership?