WILL I STILL HAVE AN ESTATE THAT I CAN LEAVE TO MY HEIRS

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WILL I STILL HAVE AN ESTATE THAT I CAN LEAVE TO MY HEIRS

Post  Marc Johnson on Mon Jan 28, 2008 8:02 pm

Will I still have an estate that I can leave to my heirs. What happens to my estate after my wife and I both die. Do our children get anything.

Marc Johnson

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Re: WILL I STILL HAVE AN ESTATE THAT I CAN LEAVE TO MY HEIRS

Post  Walter Cabe on Thu Feb 07, 2008 10:13 am

I think what is left goes to the heirs after the bank gets their part 1st if any is left

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Re: WILL I STILL HAVE AN ESTATE THAT I CAN LEAVE TO MY HEIRS

Post  Nini Stone on Thu Feb 07, 2008 12:08 pm

When you sell your home or no longer use it for your primary residence, you or your estate will repay the cash you received from the reverse mortgage, plus interest and other fees, to the lender. The remaining equity in your home, if any, belongs to you or to your heirs. None of your other assets will be affected by HUD's reverse mortgage loan. This debt will never be passed along to the estate or heirs.

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Re: WILL I STILL HAVE AN ESTATE THAT I CAN LEAVE TO MY HEIRS

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