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So you've inherited a home—but it still has a mortgage. What happens next? In this episode, I explain what it means to inherit property with an existing loan, how mortgage responsibilities are typically handled, and what rights and options you may have.
We'll also cover how a living trust plays into this. If the home was placed in a trust, the trustee may have guidance—or even discretion—on whether the mortgage should be paid off or kept in place. Whether you're inheriting a home or planning to leave one behind, this episode will help you understand the financial and legal steps that come next.
#EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty
By Michael Pevney4.5
1010 ratings
So you've inherited a home—but it still has a mortgage. What happens next? In this episode, I explain what it means to inherit property with an existing loan, how mortgage responsibilities are typically handled, and what rights and options you may have.
We'll also cover how a living trust plays into this. If the home was placed in a trust, the trustee may have guidance—or even discretion—on whether the mortgage should be paid off or kept in place. Whether you're inheriting a home or planning to leave one behind, this episode will help you understand the financial and legal steps that come next.
#EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty

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