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Financial Planning / Tax Strategies


Subject:  Re: Reverse mortgages Date:  3/27/2012  7:38 PM
Author:  ptheland Number:  115672 of 123001

I've never had to deal with one, so I'm just thinking out loud here.

It seems to me that most reverse mortgages allow the homeowner to continue occupying their home until some trigger event such as moving to a nursing home or assisted living, or dying.

So if the client was continuing to live in the house under the typical reverse mortgage terms, there would be nothing to report on her final return, as it would be her death that triggers the end of the reverse mor