A married couple purchase a house and finance VA in a community property state.
One spouse has children from a former marriage and does not have a will and does not want to make one. If this spouse dies, what happens as far as ownership of the house. Both parties have signed and taken responsibility for the mortgage.
Is there a solution other than a will? The spouse without a will wants the other spouse to have the house.
Registering the property as joint owners with right of survival acts to remove that property from the estate. It moves without will.
This works both ways, of course.
NAMB FHA Webinar – December 1, 2009, 2 pm (EST)
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One Down, One to Go $11.78 VA |
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Little One $8.5 VA |
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