Q: Do I have to pay the mortgage on an inherited house if I put it in a trust?
I am the sole person, listed as beneficiary & awarded in probate court.
A: You don’t HAVE to pay the mortgage, but if you don’t the lender will foreclose and you will lose the house. Putting it in a trust will not change this reality. If it did everyone would do it.
Tim Akpinar and Joseph E. Cheeley, III agree with this answer
A: I agree with my colleague, but there may be different issues involved based on the terms, or lack thereof, of the will under Georgia law.
Tim Akpinar agrees with this answer
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