• Question
  • Reverse Mortgage and Revocable Trusts

    Asked on 1/8/2013

    If I have a reverse mortgage on my home, can I place it in a revocable trust to help eliminate the hassle of probate for my children?

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  • Categories: Reverse Mortgages, Reverse Mortgages & Heirs

Answers

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  • Yes, but the Living Trust must be reviewed by your Lender first, to confirm it's compatible with the Reverse Mortgage.

  • Login to rate this answer:   Answered on 1/11/2013
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.