Is your name on the mortgage for your home?
If not, it probably should be.
Here's why: If your spouse passes away, the mortgage loan servicer may seek to foreclose on your property, especially if you're not up date on your mortgage payments.
That danger exists even when your name is on the deed of ownership to your home!
Unfortunately, there's a good chance you won't be up to date on your payments. When a spouse is dying, it's a very upsetting (and expensive) time. So it's no surprise that in many thousands of cases, a spouse's death is preceded by missed mortgage payments. On top of that, there's the sheer drudgery of going through all the twists and turns of getting a loan modified--at a time when you may not be feeling up to much.
You can avoid that kind of grief—or a good part of it—by getting your name on the mortgage now, before anything happens.
Caution: If at some point in the future, your spouse passes away, by all means consult a qualified attorney about the complex legal issues that may arise.