While television and movies provide great entertainment, they are not always factual. Even shows based on real events are not entirely accurate. Creators of television programs and movies will often alter details of a story or situation to provide an enjoyable experience. Because of these widespread embellishments, people often develop misconceptions about many industries and professions, including attorneys and estate planning.
If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may have the right to take over the mortgage and keep the home, or they may choose to sell it and keep the proceeds. Ultimately, planning for the transfer of real estate upon your death can make the process much easier for your loved ones.
About two out of three Americans will die without a will. This is known as dying intestate. While the reasons for not having a will vary, the end result is the same for everyone: they do not get to choose who receives their property when they die. Instead, their money and property are distribute...
L. Theodore Hoppe, Jr., Esquire, Attorney at Law is an attorney you can trust to answer your questions, advise you on your rights, help you take the steps necessary to get the situation successfully resolved and if need be, to aggressively defend your rights in court.
We'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.