Adding a spouse to the deed of a home is typically a fairly simple process, but the decision to do so should be carefully evaluated. Since such a move could have a substantial impact on a couple's financial future, homeowners should consider the advantages and risks before adding their spouses to the deed of their homes. How Do Homeowners Add Spouses to Property Deeds? One of the most common ways property owners add spouses to real estate titles is by using quitclaim deeds. Once completed … [Read more...]
Archives for July 2019
A Guide to Debt After Death
Posted on July 9, 2019 //
A green eraser is going to erase a debt word When people in Illinois die with debt, the money owed typically has to be repaid by the estate. The way a deceased person's debt is handled, however, depends on a variety of factors including whether there was a joint borrower or co-signer, the debts are secured, and assets exist to pay off amounts owed. A 2017 study by Credit.com found that almost three-quarters of Americans have outstanding debts after death. What if the Estate Cannot … [Read more...]
