It’s important that everything is properly arranged when you take out your mortgage, even if you or your partner pass away unexpectedly. Think about questions such as: are you able to pay the mortgage without your partner? Will you leave your surviving relatives behind with a debt if you die? What do you want to happen to your possessions? These are all issues to think about beforehand.
Can you or your partner pay the monthly mortgage payments alone?
Consider in advance as to whether you or your partner will be able to pay the monthly mortgage payments alone. As a surviving relative you often receive a survivor’s pension, but this is not as much as your partner earned. Do you have children under the age of 18? Then you will also receive a half-orphan’s benefit.
Am I leaving behind a huge mortgage debt?
Most people have a life insurance policy. In this case, the portion of the mortgage debt of the deceased is repaid in one go by the insurance. This reduces the monthly costs for the surviving relative.
What happens to my possessions in the event of death?
In your will you can indicate what happens to your things after your death. But you can also, for example, safeguard the guardianship of your children. If you do not have a will, your estate will follow the rules of the legal laws of inheritance. In that case, your heirs are automatically entitled to your estate.
Are you leaving an inheritance? In that case, the surviving relatives must pay tax on this after your death. To keep this tax as low as possible, you can set out a number of issues in your will. Freek is happy to explain all the options.