You said a tax on kids and grandkids...no...it's no different than any money owed that the estate is responsible for. Would it be a tax if the local bank had loaned the money for a conventional loan? A tax for our Kids and Grand Kids is what zero is doing to America.
.it’s no different than any money owed that the estate is responsible for.
You’re right, not a tax. I used the word “tax” as an unwelcomed cost involved when kids inherit property. It isn’t free and clear when there is a reverse mortgage and often the kids must come up with money they don’t have to receive the property. Wrong word, right idea.