[RVN Airplane Driver]

Otherwise your beneficiaries will have to absorb the loan when they inherit the property, a tax on your kids and grandkids. It may be a reverse mortgage but it’s still a loan to be paid back when you die by whoever get’s the property.

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.

[Joan Kerrey]

.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.