My wife has just been diagnosed as being terminally ill. The issue is that all the debts are in her name and also the house. Our insurance will pay out 150k lump sum straight away and her pension will pay out £ 90k with no further ppayments. The issue is that she has a mortgage for £ 123k and over 80k worth of unsecured debt which has been serviced perfectly over the years. We intend to pay off the mortgage and transfer it into my name but what would happenb if we didn't pay off the unsecured debt and have any pension paid into my bank account. Would the creditors have any claim on her death? I would like to keep some of the money to bring up the two small children.
- posted
17 years ago