If you jointly own property with someone it can get a little complicated when a lien is placed on that other person. What happens to that lien if they pass away?
Litigation Attorney Angie Schmitz briefly goes over what would happen to that lien in the instance there is a death.
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Are You Responsible for Someone Else’s Lien?
It’s a common question: I own property with someone else, and due to some of their debt, a lien has been placed against our real estate. If they pass away, what happens to that lien? Am I responsible for it?
You are Protected
This is one of the best protections from creditors that exists. Since the property was jointly owned, if the other owner dies, then that property automatically transfers to the other owner.
Equally as important, the lien against the deceased property owner is no longer in effect.
Check for Exceptions
As is with many laws, there are exceptions to the rule. There may be special circumstances where this particular protection does not exist for you.
If you find yourself in a similar situation, talk with an attorney to make sure you are protected against the lien.
Talk with a Probate Attorney
Get in touch by calling 303-688-0944 or schedule yourself online when you click here.