my fiance' is 71. he owns 3 homes. 1 in NY state and 2 in Fl., his residency is NY state. He does not have a will. 2 yrs. ago he asked me to cosign for a home equity loan..I did. if he passes, am I responsible to pay off the home equity loan, or will that go into his estate?. He has 3 grown children that would divide his estate?
1 Answer from Attorneys
If you co signed on the loan you are responsible.