Reverse Mortgage Loan Blog

Putting undue pressure on a loved one is unethical, regardless of the merits of the case. 

My brother is pressuring our mom to put a reverse mortgage on her paid-up home, to provide her with a monthly income to help with drug and home nursing costs. I think — and I believe that Mom agrees — that he and I can and should cover these expenses ourselves and keep her home equity intact. Mom’s beneficiaries are my brother and me, our grandchildren, and a few charities. What do you think?

Putting undue pressure on Mom is unethical, regardless of the merits of the case, especially if your brother can afford to pay his share of her expenses. But maybe he feels he can’t afford this. Is he willing to forgo his future share of Mom’s home equity (and perhaps his children’s share, too) in exchange for not contributing to her support now?

The three of you should meet with a lawyer and accountant and calmly examine your family resources and the pros and cons of various approaches to meeting Mom’s needs.

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