Medicaid Planning in Minnesota (Part Two): Trusts

Medicaid Planning in Minnesota (Part Two): Trusts

Medicaid Planning in Minnesota (Part Two): Trusts Join Our Newsletter Prior to the enactment of Minnesota’s “trust-busting statute” (Minnesota Statutes section 501B.895), several different trusts were commonly used for Medicaid planning. Revocable trusts—which by...
Medicaid Planning in Minnesota

Medicaid Planning in Minnesota

Medicaid Planning in Minnesota Join Our Newsletter A comprehensive estate plan can do more than simply take care of issues which arise when we die.  A good plan can also help you prepare for things that may happen while you are alive. Your plan can help you determine...
Typical Costs and Fees of a Reverse Mortgage in MN

Typical Costs and Fees of a Reverse Mortgage in MN

Typical Costs and Fees of a Reverse Mortgage in MN Join Our Newsletter What are the typical costs and fees I will be looking at? According to the Consumer Financial Protection Bureau, reverse mortgages are more expensive than other types of loans. Unlike traditional...
HUD Reverse Mortgage in MN

HUD Reverse Mortgage in MN

HUD Reverse Mortgage in MN Join Our Newsletter In recent years, HUD reverse mortgage standards have changed. HUD HECM standards have changed during the past decade as a result of massive program losses following the 2008-2009 real estate crash. To cut losses in 2013,...
Reverse Mortgage Cons (and Risks)

Reverse Mortgage Cons (and Risks)

Reverse Mortgage Cons (and Risks) Join Our Newsletter Reverse financing is not “free”. Reverse mortgages have significant costs that include lender fees, FHA insurance charges, closing costs, etc. These costs can be added to the loan balance. However, that means the...
Reverse Mortgages: The Pros

Reverse Mortgages: The Pros

Reverse Mortgages: The Pros Join Our Newsletter Reverse mortgages can help many seniors but are quite expensive. Reverse mortgages can also present significant risks in some cases. All forms of financing have their pros and cons, and reverse mortgages are no...