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Mattie Said:

Reverse Mortage question?

We Answered:

I'm not sure, but can you transfer the 2nd house to a relative to be on the safe side? Just a thought.

Leah Said:

My grandfather passed away and willed his home to my mother, myself and my two siblings.?

We Answered:

You need to talk to an attorney who specializes in real estate.

Tim Said:

I am desperate for serious answers regarding debt and spouses.?

We Answered:

First off, I'm so sorry to hear of your situations, both in your father passing, and the devastating financial issues you are discovering. I am not qualified to answer your questions entirely, as I am only licensed to practice law on the east coast - however, California's property laws are "community property" laws. Given that, I would still assume that your mother and her / his assets will likely be available in the event that any creditors of your father's try to dispel the debt. I do hope that your mother and you are not put in such a position, but unfortunately, the law often will protect the creditors as opposed to the unassuming victims - AKA, your mother, who, as being the wife of a debtor, will likely be liable for your father's debts. The liability will likely include her house. I'm sorry again.