What happens if you walk away from a funeral and the estate of a loved one?
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What happens if you walk away from a funeral and the estate of a loved one?
Does the state where the deceased lived take over? The deceased person has a reverse mortgage, a lot of bills and a home completely full of junk. I am out of the state and have no money or time to take care of things. There are no life insurance policies either.
Asked on November 22, 2013 under Estate Planning, Texas
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
The bank will usually take the home as part of the reverse mortgage plan. It wouldn't go to beneficiaries. As for bills and the like, yes, if the individual has no assets, probate may not need to be opened and it would be up to the creditors to sue the estate or what is left of it. You are not mandated to deal with it.
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