Estate & Tax Considerations
Please select from below for applicable statutes and explanations:
* This is by no means intended to be a complete description
of reverse mortgages. This page is intended to give a
litigant an idea of the reverse mortgage process.
Do not rely on this page alone for guidance; contact
Edward Stone for additional information.
Please contact Edward Stone here..
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A reverse mortgage is especially useful in two
situations: (1) those who need the money; (2) those
who have too much money for estate tax purposes.
A reverse mortgage is an excellent way to avoid
estate taxation for those with taxable estates in
excess of two million dollars. A reverse
mortgage is a loan due at the time of death,
although lenders provide for a reasonable period of
time after death for the personal representative of
the estate to either sell the home or make other
arrangements. With some creative planning, the
proceeds of the revrse mortgage can be used to fund
certain investments that avoid estate tax and that
can also be useful in medicare planning.
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Under construction
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Under construction
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