What happens to an existing mortgage with a beneficiary deed?

Question

What happens to an existing mortgage with a beneficiary deed?

Anonymous Apr 20, 2010 3 views 1 answers

I am considering creating a beneficiary deed for one of my daughters to have my house at death. My question is if I die and still have a significant mortgage to pay off who will have to pay it? I have 3 other kids and would like for the mortgage to either be continued with my daughter or to have my daughter pay off the mortgage with her share of the property. My worry is that my estate will pay off the mortgage and then my other children will get a smaller share of the estate because they had to pay off the mortgage on their sisters house. Any help would be appreciated.

Susan Alexandermyers · Accepted Answer · 2026-06-15T10:31:27+00:00

I am not licensed in your state. Usually, the mortgage attached to an asset specifically bequeathed to a beneficiary. I don't know how beneficiary deeds work in MO, so you should consult with a reputable estate planning attorney. You should call the lender now to learn whether or not your daughter can assume your mortgage after your death.

What happens to an existing mortgage with a beneficiary deed?

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