Elderly Brother Runs Out of Money Despite Reverse Mortgage, Sibling Seeks Advice

A sibling seeks advice after their elderly brother, who has a reverse mortgage, unexpectedly ran out of money, presenting a financial dilemma for the retired family members.

21 Mar, 20:46 — 21 Mar, 20:46

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marketwatchMostly Factual6d ago

‘I’m completely gobsmacked’: My elderly brother has a reverse mortgage — yet he still ran out of money. Do I help?

“My husband and I are both retired and have saved for years — we simply can’t afford to take on his financial situation.”

By Quentin Fottrell

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Elderly Brother Runs Out of Money Despite Reverse Mortgage, Sibling Seeks Advice

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‘I’m completely gobsmacked’: My elderly brother has a reverse mortgage — yet he still ran out of money. Do I help?

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