We just bought a new home and my name is not on loan or deed. What will happen if spouse dies does the bank get the house?

Hello BC:

Without a will, his next of kin get's it.

excon

The house goes into the Estate of the deceased and ownership is passed to their heirs under a will or under the intestate laws of your area.

So I would make sure a will is made or the spouse is added to the deed as joint tenant with right of survivorship.

Quote:

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Originally Posted by BCS10565

We just bought a new home and my name is not on loan or deed. What will happen if spouse dies does the bank get the house?

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Thanks for the answering my question. It was a big help