#jointassets Archives

Jun162021

Non-Borrowing Spouses of Reverse Mortgage Holders Receive Expanded Protection

The federal government has expanded access to protections for spouses of reverse mortgage holders who are not named in the loan document, allowing more such spouses the ability to stay in their home if the borrowing spouse dies or moves to a care facility. Reverse Mortgage Protection Prior To 2014 A reverse mortgage allows homeowners…

Feb152019

Does a Surviving Spouse Have To File An Estate Tax Return?

Will You Owe Taxes On Your Spouse’s Estate? Currently, the estate tax exemption in Connecticut is $9.1 million per person. So although an Estate Tax Return must be filed for every decedent, tax is due from very few estates. And even if the decedent’s assets exceeded $9,100,000, there is an unlimited marital deduction, so if…