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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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My parents (both in their 70's) are paying an interest only

Customer Question

My parents (both in their 70's) are paying an interest only mortgage and also have a large bridging loan attached to their mortgage! So, obviously they are going to lose everything if it continues to be this way, unfortunately I can't financially bail them out either.
If I am willed to inherit from them, does this mean that I will also inherit all of their debt please?
Submitted: 1 year ago.
Category: Law
Expert:  Ash replied 1 year ago.
Hello my name is ***** ***** I will help you.
No, you can not personally inherit a debt. However if there is an estate any debts must be settled before you get what is owed to you.
Can I clarify anything for you about this today please?
Alex
Ash and other Law Specialists are ready to help you
Customer: replied 1 year ago.
***********
Expert:  Ash replied 1 year ago.
Can I call you shortly? I am just on the train.
Alex
Customer: replied 1 year ago.
Yes, no problem. Approx what time please?
Expert:  Ash replied 1 year ago.
Between 12:30 and 1:00pm?
Alex
Customer: replied 1 year ago.
Hi,Please use my mobile number as I have to go out. Any idea what time please?Thanks........Gerwyn, ***********
Expert:  Ash replied 1 year ago.
Sorry yes the train is delayed.
I will call as soon as I get into the station.
Alex