Hopewell, VA asked in Estate Planning and Insurance Bad Faith for Virginia

Q: My father passed away in May 2017 and my two brothers and I inherited his home. The insurance policy is in dads name but

house is in my name and my brothers' names. We've been paying the homeowners insurance policy premium. How long is the insurance policy good for? Does it need to be in our names in case something happens?

1 Lawyer Answer
Matthew Lane Kreitzer
Matthew Lane Kreitzer
  • Estate Planning Lawyer
  • Winchester, VA
  • Licensed in Virginia

A: Depending on the value of the home, whether there was a mortgage on the home, and how the home was transferred there is a strong probability that additional steps must be taken to manage the home and not have any adverse consequences down the line. You should schedule a meeting with a Probate Lawyer.

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