Property News · July 9, 2018

I have joint mortgage – what can I do if my partner dies?


My insurer says the surviving partner can stay in our home if we create a flexible trustQ My wife and I jointly own the home we live in and we are concerned about what would happen in the event of one of us dying leaving the surviving partner with all of the financial responsibilities including payment of the mortgage. We spoke to Legal & General and they said that the surviving partner would be able to stay in the property without fear of being evicted due to not being able to keep up with payments provided we create a flexible trust that would give us protection were this to happen. I’m not sure if I have understood this correctly. PT Continue reading…

Source : theguardian.com
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