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HECM Researcher outlines a win-win strategy
As reverse mortgage professionals each of you most likely have encountered adult children who are nervous about their parents spending away their inheritance with a reverse mortgage. However, one notable HECM researcher and tax attorney says these concerns are largely unfounded.
Inheritance is a highly-emotional and delicate subject that is often difficult to broach. But what about the facts? Barry Sacks, a practicing tax attorney tackles this difficult subject in a recent article in Reverse Mortgage Daily. He contends that the through the strategic and judicious use of a HECM a borrower can actually provide a substantial bequest with a securities portfolio, in some instances tax-free. One strategy is to employ a tax offset or deduction when their parent’s..
Download a transcript of this episode here.
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