Are you considering a reverse mortgage? Discover the hidden dangers you need to know before making a decision. In this eye-opening video, Gilfix Law reveals why reverse mortgages can be a terrible tool for many families, especially when it comes to estate planning and California real estate.
Find out how reverse mortgages affect your property taxes and the potential massive tax hits from capital gains. Learn about the key issues like Prop 19, estate planning strategies, and alternative options such as home equity lines of credit. Understand the critical importance of having your home in a living trust to avoid probate and state payback provisions.
CHAPTERS:
0:00 – Reverse Mortgages
0:38 – What is a Reverse Mortgage
1:08 – The Downside of Reverse Mortgages
3:14 – Alternatives to Reverse Mortgages
4:04 – Reverse Mortgages are NOT a Panacea
4:35 – Estate Planning and Reverse Mortgages
This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues.
To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com
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