We live in NY State and my father passed away in January. My dad had two bank loans and my mother was a joint applicant. Is my mother liable...

Question

We live in NY State and my father passed away in January. My dad had two bank loans and my mother was a joint applicant. Is my mother liable to pay those two bank loans?

Answer

If she signed the closing documents then is a joint debtor. I would suggest that you check to see if there was credit-life insurance on the loans. If she was a non-working spouse, she may have other remedies with the bank; such as, they could discharge the loan if she has no income and has not worked in years.