What is the name of your state?TN. I'm trying to help a family, well a boy, that lost both of his parents, but they left behind a huge mortage on the house, that we are trying to find a way to get, without selling the house. After the child daddy died, she went to see just in case if she would died (unfortunately she did) will the mortage be taken care of, but she was denied twice. We was able to get rid of the credit card debt, but was not able to get rid of the mortage. The child only income is the SS check he draw every month. Take about $600 from that without including electric, and more necessitaries, the child don't have any money left every month. Is there a way that the mortage be able to be paid without taking money from his check? Remember, the family last option is to sell the house. Also, can the child draw anymore money from anywhere? Thanks!!!
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Parents Left Child With Big Debt...
- Thread starter ilkhats44
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What is the relationship between this minor and his/her legal guardian?ilkhats44 said:What is the name of your state?TN. I'm trying to help a family, well a boy, that lost both of his parents, but they left behind a huge mortage on the house, that we are trying to find a way to get, without selling the house. After the child daddy died, she went to see just in case if she would died (unfortunately she did) will the mortage be taken care of, but she was denied twice. We was able to get rid of the credit card debt, but was not able to get rid of the mortage. The child only income is the SS check he draw every month. Take about $600 from that without including electric, and more necessitaries, the child don't have any money left every month. Is there a way that the mortage be able to be paid without taking money from his check? Remember, the family last option is to sell the house. Also, can the child draw anymore money from anywhere? Thanks!!!
Who are "we"?We was able to get rid of the credit card debt, but was not able to get rid of the mortage.
Ok, there is a child with no living parents. Evidentally, there was no life insurance either? Neither parent had any life policies through their employer's? What about vested interests in any retirement plans/401Ks/IRAs?
So this child has adult caregiver's helping him, and all are residing in his late parent's home? I'm presuming this, as the child would not/should not be living alone. Why are the adults who are living there not paying their own housing costs and utility costs? The estate should not be responsible for their housing- didn't they have housing costs BEFORE taking on responsibility for this child?
So this child has adult caregiver's helping him, and all are residing in his late parent's home? I'm presuming this, as the child would not/should not be living alone. Why are the adults who are living there not paying their own housing costs and utility costs? The estate should not be responsible for their housing- didn't they have housing costs BEFORE taking on responsibility for this child?
Something's just not adding up on this one, nexie, which is why I posed my questions.nextwife said:Ok, there is a child with no living parents. Evidentally, there was no life insurance either? Neither parent had any life policies through their employer's? What about vested interests in any retirement plans/401Ks/IRAs?
So this child has adult caregiver's helping him, and all are residing in his late parent's home? I'm presuming this, as the child would not/should not be living alone. Why are the adults who are living there not paying their own housing costs and utility costs? The estate should not be responsible for their housing- didn't they have housing costs BEFORE taking on responsibility for this child?
"What is the relationship between this minor and his/her legal guardian?" The child is living with the next door neighbor, this was in his mother will. Besides, using his computer to do his homework, there is noone living in the house, until he have family coming to see him. Remember, the family last resort is to sell the house.
"Who are "we"?" Family
The life insurance policy and the IRA was eaten up to the nursing home that she was in until she died. She was not able to get Medicaid because of the IRA she had. So the family had to use the IRA and the insurance policy to pay for the nursing home.
"Who are "we"?" Family
The life insurance policy and the IRA was eaten up to the nursing home that she was in until she died. She was not able to get Medicaid because of the IRA she had. So the family had to use the IRA and the insurance policy to pay for the nursing home.
As stated in the OP's other post, the child does have a legal guardian that lives next door to the minor's deceased parents' house. The minor stays at the legal guardian's home at night, but stays at the deceased parents' home otherwise.nextwife said:OK, So why isn't the place being rented out until he is old enough to be able to afford to live there? Since he wants to keep it. That would take care of the utilities, etc.
Isn't anyone legally appointed to handle his financial affairs?
ilkhats,ilkhats44 said:"What is the relationship between this minor and his/her legal guardian?" The child is living with the next door neighbor, this was in his mother will. Besides, using his computer to do his homework, there is noone living in the house, until he have family coming to see him. Remember, the family last resort is to sell the house.
"Who are "we"?" Family
The life insurance policy and the IRA was eaten up to the nursing home that she was in until she died. She was not able to get Medicaid because of the IRA she had. So the family had to use the IRA and the insurance policy to pay for the nursing home.
Thank you. I do have more questions that will help us help you. Are you/we the family of the legal guardian or the family of the minor? How old is the minor child? Do you know if the legal guardian had the deed changed of the house of these deceased parents?
I totally agree.nextwife said:That does not seem to be a financially viable solution. Perhaps it needs to be revisited? Besides, a kid should not be all alone in a house at night, even if it was the family home.
BlondiePB said:ilkhats,
Thank you. I do have more questions that will help us help you. Are you/we the family of the legal guardian or the family of the minor? How old is the minor child? Do you know if the legal guardian had the deed changed of the house of these deceased parents?
I'm family friend, I grew up with the child mom, and was there when she took ill. The child is 17, the legal guardian don't have the deed change.
As a friend of this minor's parents, you need to do the right thing and report the legal guardian to the proper authorities (Child Protective Services).ilkhats44 said:I'm family friend, I grew up with the child mom, and was there when she took ill. The child is 17, the legal guardian don't have the deed change.
The legal guardian (who does have court documents appointing him/her the legal guardian correct?) will be in BIG trouble when the court finds out what is going on. And, the court will.
There are two options: the legal guardian must either sell that house or rent the house and requires court permission to do so. The legal guardian needs an attorney to have the deed properly taken care of. The legal guardian is in violation of his/her duties as a legal guardian with what is going on. As friend of the deceased, do the right thing and take action to rectify the situation of her minor staying alone. She would want you to.