How a Reverse Mortgage Will Enhance Your Estate Planning
Very few seniors today, started their lives well off. However, our seniors today are the wealthiest generation in America’s history. Perhaps through wise investing over the decades your portfolio is now valued at more than you ever imagined. You are very fortunate. Your next challenge is how to pass this wealth on to your children, grandchildren or perhaps a charity that is close to your heart. More and more financial advisors, CPA’s, CFP’s, CLU’s, attorneys and bankers, are seeing the value of reverse mortgages for their wealthy clients. Perhaps you and your spouse worked hard to give your children a better future than you had. Whether you worked with a public company or owned your own business, your current net worth may exceed your wildest dreams. How will you transfer that money to your loved ones without Uncle Sam taking a big chunk? Again, a reverse mortgage may be your answer. EXAMPLE: Let’s presume you are 86, own a home appraised at $180,000 with no mortgage. If you were to take out a reverse mortgage with us, you would receive approximately $134,000 TAX FREE cash. You are free to use your TAX FREE $134,000 any way you want. If your children are facing estate taxes upon your death, perhaps using your $134,000 for a single premium first or second to die policy, with a high death benefit. This would maximize your gift to your children and grandchildren. We are happy to work with your financial advisors to help make your wishes become reality. Many of our clients have used the cash out of their reverse mortgage to finance their dream home on a golf course, or the mountains of Colorado or over looking the Caribbean.