Posted by nrowles on June 11, 2019 at 06:22:12 from (71.251.155.138):
Long story short, great gram has a $11,000 nursing home bill every month and she's out of cash. Her farm is supposed to be worth about $1.2M. The family would like to retain as much of the farm as possible. I mentioned to them about doing a reverse mortgage line of credit and draw on it as needed each month to pay the nursing home. Then when she passes on sell as much of the farm as needed to pay off the mortgage. Nobody in my family can afford this kind of coin to take the farm on themselves.
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