Q: My mother is in her nineties and has a house with a home equity loan of $80,000 will her beneficaries be responsible
We do not want to be beneficaries can we take our name off ?
A: Unless any of the beneficiaries co-signed on the loan, none will be personally responsible to pay it. If there are not sufficient amounts in your mother's estate to pay back the loan, then the house or other assets will have to be sold to repay the loan. Any amount left over would then be distributed per her will, or if she has no will, then as provided by Ohio law. If there is not a sufficient amount to pay back the loan, none of the beneficiaries will have to pay. Use the Find a Lawyer tab to consult a local probate attorney.
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