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Reply to "It's me - the DIL with the in-laws and drama around their cabin."
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[quote=Anonymous][quote=Anonymous]When you say your DH will inherit debt, do you mean just the HELOC (his share of it)? Or is there other debt, too?[/quote] OP here - likely medical debt at her death (which I'm not sure if that's discharged or a lien would be placed on the cabin ... ) Yes, his share of the HELOC. I have to admit I know nothing about HELOCs, so I don't remember if payments start once you take the HELOC out or if it's added to the overall cost of your mortgage and lessens your equity ... If the HELOC payments begin when it's taken out, we could not afford it or I would put my foot down because we are essentially going into debt to pay for MIL's care. [/quote]
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