As our parents get older, we often find ourselves thinking more about their well-being. We want them to be happy, healthy, and financially secure. Sometimes, this means having conversations about their finances and future plans. If your parents own their home, you might have heard about something called a reverse mortgage. It’s a term that…

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Clients: 95-year-old male with 24-hour skilled nursing needs (in-home) & 92-year-old female dementia patient (in memory care outside of home) Prior to the male’s health needs arising and the female’s cognitive abilities declining, a power of attorney (on behalf of the male) and a court authorized conservatorship (on behalf of the female) were established by…

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Below is a breakdown of a recently closed reverse mortgage loan that was used solely to fund in-home care and allow the senior to age in place.  This particular case was possibly the most complicated one that we have encountered due to the multiple moving parts.  Most cases have one or two moving parts, but…

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