Posts Tagged ‘inherit’
Inheritor of Home Owes no Estate Tax
Question: You frequently mention the benefits of recording a beneficiary deed now for simple inheritance of a home or other real estate. I know that a beneficiary deed is not effective until death and can be revoked at any time prior to death. For example, if after recording a beneficiary deed I get angry…
Read MoreOwner retains title under reverse mortgage
Question: My parents have owned their Glendale home for more than 20 years. They own their home free and clear. My parents now want to get a reverse mortgage on their home to get monthly payments from the mortgage lender in order to supplement their Social Security income. Upon their death, they want my…
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