How should an Executor deal with the Home Mortgage of a Deceased Person
Автор: Neufeld Legal
Загружено: 2025-08-22
Просмотров: 37
As the executor of a deceased person's estate, dealing with the decedent’s existing home mortgage is a critical responsibility. The mortgage doesn't disappear when the homeowner dies; instead, it becomes a debt of the estate that must be settled.
And the given the significance of a home mortgage, which oftentimes is the single greatest debt that an individual owes, deal with it properly and efficiently needs to be a primary objective of the executor. Especially, as the executor does not want to draw the ire of the estate's beneficiaries, who don't fully appreciate the time and effort that goes into being an executor, but nevertheless are seeking a speedy resolution of the estate and an optimal payout from the estate.
To learn more about our law firm's wills and estate law legal practice visit https://lawyerwill.ca and for our law firm's contact information go to https://www.neufeldlegal.com/contact-... and we welcome you to schedule a confidential consultation with our legal team. Thank you.
#estatelaw #executor #mortgage
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