You guys are confusing me!! So if DH & I both die, no one is responsible for our mortgage, correct? But obviously if anyone wants to keep the house or benefit from its sale, they would need to continue paying the mortgage & related fees, right? If we didn't have enough life insurance to cover the house, it would just go back to the bank?
My suggestion is to talk to a financial planner. Advice is at no extra charge if you've purchased one of their investment products, like an IRA. After my dad died we hired one. She cost us $1000 for a year of unlimited advice and some services, such as notary service which we needed on several occasions while settling the estate. Of course, she would have charged by the hour instead. We did not have any investments with her company, and I felt like she steered us in the right direction, so it was worth it.
Financial planners would have some advice for estate planning, but there are people who specialize in estate planning.
"Let me see you stripped down to the bone. Let me hear you speaking just for me."