Mar 31
My parents have 2 houses, paying mortgages for both of them still, but one should be payed off in about 10 years. I have seen files where me and my brothers are listed as beneficiaries, I'm not sure if that's from their bank account or houses. Do they have to make a will in order for us to inherit the houses? If we do get them, do we just continue on paying the mortgages, or are there some fees to pay when we inherit it. The only reason I ask is cause my parents have talked to us about this already, but I am not sure if they have all the required paper work for it done. They are not very educated in these types of areas (English is their second language and they did not finish high school) Any help on this matter would be great so that someday I could help my parents out with this situation.
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