Salt Lake City, UT asked in Consumer Law and Estate Planning for Utah

Q: My Partner and I are JT-only he is on loan. I am executor and sole beneficiary in will. Can I keep the loan when he dies

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1 Lawyer Answer
Paul Waldron
Paul Waldron
  • Estate Planning Lawyer
  • Orem, UT
  • Licensed in Utah

A: You can, it just depends on whether the bank finds out and demands that there be a refinance or assumption of the mortgage. I have seen where the mortgage company did nothing for years because the house payment continued to be made.

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