{"id":2543,"date":"2024-06-03T15:32:31","date_gmt":"2024-06-03T15:32:31","guid":{"rendered":"https:\/\/remarkablemortgage.com\/?p=2543"},"modified":"2024-06-06T20:34:26","modified_gmt":"2024-06-06T20:34:26","slug":"inheritance-plans-reality-the-reverse-mortgage-disconnect","status":"publish","type":"post","link":"https:\/\/remarkablemortgage.com\/?p=2543","title":{"rendered":"Inheritance Plans &#038; Reality: The Reverse Mortgage Disconnect&#8230;"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2543\" class=\"elementor elementor-2543\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3d2e366c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3d2e366c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-16b69538\" data-id=\"16b69538\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73f66ec elementor-widget elementor-widget-video\" data-id=\"73f66ec\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/ad7KqxBVe-g&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68b55be elementor-widget elementor-widget-spacer\" data-id=\"68b55be\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b7539c2 elementor-widget elementor-widget-text-editor\" data-id=\"1b7539c2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>One Big Bug-A-Boo&#8230;<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the big &#8220;bug-a-boo&#8217;s&#8221; about a Reverse Mortgage is the, &#8220;spending our children&#8217;s inheritance&#8221; narrative. This article is consistent with my conversations with a number of parents and their adult children about their home. This is a Remarkable moment when &#8220;I couldn&#8217;t have said it better myself&#8230;&#8221;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The article I&#8217;ve linked is by Shannon Hicks, of HECMworld.com. Well worth the read.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\">The Disconnect Between Parent\u2019s Inheritance Plans and Reality<\/h4>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>&#8220;One of the common objections to Reverse Mortgages is the homeowners&#8217; desire to leave the home to their adult children. The strong emotional bonds are felt by both their aging parents who raised their children in the home and the childhood memories of their adult children. <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So how likely are adult children to keep the home they inherited? Truth be told there&#8217;s typically a disconnect between the parent&#8217;s well-intentioned plans and reality&#8230;&#8221;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p><a href=\"https:\/\/www.hecmworld.com\/2024\/05\/28\/blog-leaving-home-inheritance-adult-children\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read The Full Article @ HECMworld.com<\/a><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Another good article by Shannon Hicks on the topic<\/strong>: <a href=\"https:\/\/www.hecmworld.com\/2024\/06\/03\/ilu-home-inheritance-objection-adult-children\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Inheritance Illusion<\/a><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Thanks, Mark Schmidt<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Founder, Remarkable Reverse Mortgage<\/p>\n<!-- \/wp:paragraph -->\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>One Big Bug-A-Boo&#8230; One of the big &#8220;bug-a-boo&#8217;s&#8221; about a Reverse Mortgage is the, &#8220;spending our children&#8217;s inheritance&#8221; narrative. This article is consistent with my conversations with a number of parents and their adult children about their home. This is a Remarkable moment when &#8220;I couldn&#8217;t have said it better myself&#8230;&#8221; The article I&#8217;ve linked [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2547,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[30,39,38,40,41,19,42],"_links":{"self":[{"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/posts\/2543"}],"collection":[{"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2543"}],"version-history":[{"count":12,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/posts\/2543\/revisions"}],"predecessor-version":[{"id":2589,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/posts\/2543\/revisions\/2589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/media\/2547"}],"wp:attachment":[{"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}