My aunt outlived both her kids, her husband and her income. She took out a reverse mortgage on her home which was paid for and when she died her grandson told the bank come get it. It worked for her.
My neighbor’s wife died leaving him with lots of credit card debt and a mortgage on their home. We offered to pay off his mortgage and give him a life estate on the home. He refused and moved his son with some of his friends into the home. They were to pay the mortgage and let him live there. After while they wanted him to pay rent. They were stealing his groceries and eventually kicked him out. He ended up living in town in a run down trailer on $800 a month SS. Lived in the alley down the street from our store. He often told me how he screwed up. What could I say?
