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  2. What happens to your mortgage after you die? - AOL

    www.aol.com/finance/what-happens-to-mortgage...

    Sources. Average US Mortgage Debt Increases to $244,498 in 2023, Experian.Accessed July 18, 2024. 2024 Wills and Estate Planning Study, Caring.Accessed July 18, 2024.

  3. Inheritance - Wikipedia

    en.wikipedia.org/wiki/Inheritance

    In law, an "heir" (FEM: heiress) is a person who is entitled to receive a share of property from a decedent (a person who died), subject to the rules of inheritance in the jurisdiction where the decedent was a citizen, or where the decedent died or owned property at the time of death.

  4. Will and testament - Wikipedia

    en.wikipedia.org/wiki/Will_and_testament

    This is an accepted version of this page This is the latest accepted revision, reviewed on 3 January 2025. Legal declaration where a person distributes property at death "Last Will" redirects here. For the film, see Last Will (film). This article possibly contains original research. Please improve it by verifying the claims made and adding inline citations. Statements consisting only of ...

  5. Posthumous birth - Wikipedia

    en.wikipedia.org/wiki/Posthumous_birth

    A posthumous birth is the birth of a child after the death of a parent. [1] A person born in these circumstances is called a posthumous child or a posthumously born person . Most instances of posthumous birth involve the birth of a child after the death of its father, but the term is also applied to infants delivered shortly after the death of ...

  6. Deed of reconveyance: What it is and how it works - AOL

    www.aol.com/finance/deed-reconveyance-works...

    A deed of reconveyance is proof that the property is fully paid for and ownership has been transferred to the borrower. The lender no longer has a claim to the property. Can I request a deed of ...

  7. What is a deed in lieu of foreclosure? - AOL

    www.aol.com/finance/deed-lieu-foreclosure...

    Can stay on a credit report for up to seven years. A deed in lieu of foreclosure is generally a last-resort step taken by a homeowner to avoid a foreclosure, says Alesia Parker, branch manager at ...

  8. Rule against perpetuities - Wikipedia

    en.wikipedia.org/wiki/Rule_against_perpetuities

    The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.

  9. What happens to your medical debt after you die? - AOL

    www.aol.com/finance/what-happens-to-medical-debt...

    Like all debt, medical debt left behind after your death is paid by your estate. The debt goes to the person handling your estate — called an executor. The executor’s job is to manage the ...