A couple of months ago, my wife left her job for no reason and stopped paying the mortgage on the family home. The bank is chasing me for payment, even though I have advised them of the situation. Is there any way around this? The mortgages are still in both our names.
Also, we have a family trust which contains these three properties. My wife and I are trustees and the beneficiaries are my wife, myself and our two children. What happens with the trust?
A. Your mortgage
Unfortunately, since the mortgages are in both of your names and would be considered relationship debts, you are both jointly and severally liable to the bank for the payments. This is