What is the name of your state? CA
My mom has just joined the hospice program, and wants to leave all her legal matters in order. She has a pension she will be receiving soon. She wants some money distributed to other relatives including my dad. She wants my older sister to help run her trust.
She plans on putting her pension money in an IRA, and having my sister be the beneficiary to help distribute the money. The question we have is that she owns a home, the title is under her name and my dad. But the loan is only under her name, what happens in this case?
Would my dad need to get his own loan after she passed away?
She she have a will or a living trust? What are there differences? My mom only has her pension money and that newly purchased home with my dad.
My mom has just joined the hospice program, and wants to leave all her legal matters in order. She has a pension she will be receiving soon. She wants some money distributed to other relatives including my dad. She wants my older sister to help run her trust.
She plans on putting her pension money in an IRA, and having my sister be the beneficiary to help distribute the money. The question we have is that she owns a home, the title is under her name and my dad. But the loan is only under her name, what happens in this case?
Would my dad need to get his own loan after she passed away?
She she have a will or a living trust? What are there differences? My mom only has her pension money and that newly purchased home with my dad.