Quote:
Originally Posted by Meloman
So it sounds like what everyone is saying is getting royally fucked when you're old is just part of life, so tough just deal with it.
Or they should sell off, move away, leave all there family and friends behind and live the good life all by themselves but with more money.
Or take a huge reverse loan and the bank takes the home after death. Sorry no inheritance for any children, the bank has the home now.
Btw, my moms 1 million dollar home is barely 1200 square feet in a working class neighborhood. She's 70 and is able to take care of it no prob. it's not that big.
Sorry I disagree with most points in this thread.
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Well...if one qualifies and takes the exemption that many...if not all states offer the elderly...then no one takes the home unless the lean exceeds the value of the home when they die. The inheirter...inheirits the home and its value...minus the amount of the lean.