This article was written by Chris Clow on Jan 24th, 2021.
Here is the source for the article: https://reversemortgagedaily.com/2021/01/24/why-clarity-is-key-for-reverse-mortgage-post-death-issues/?utm_source=Reverse+Mortgage+Daily
Death is always a disruptive occurrence, and in the realm of financial planning, it can be a critical point at which surviving heirs need to make some key decisions regarding the fate of a decedent’s estate and assets. For someone who had a reverse mortgage on his or her home at the time of death, the actions of heirs can be very consequential in the financial futures of their own family, as well as the strength of the Home Equity Conversion Mortgage (HECM) program in some cases, which is one of the reasons why clarity and understanding by the reverse mortgage industry surrounding post-death issues is so vital.