Q: Good day sir madam my mom did a Life Trust named metrustee and beneficiary and POA in 2006 while doing cancer treatment.
Then in 2008 did a reverse mortgage.un know to the family. Can the reverse mortgage be contested due to trustees or beneficiaries not signing away tangible rights?
A: If the property was in the name of the trust at the time, then possibly, but it is unlikely that she would have been able to do a reverse mortgage if the property was in any name other than her own. You would need to review the documents with an attorney for an exact answer. Best of Luck!
A:
Several questions first:
Was the property transferred into the trust or was it held in your Mom's individual name?
If yes to the first question. Was your mom a trustee of the trust or were you the only trustee at the time of the reverse mortgage?
Property law matters are document specific and therefore typically a review of the documents is necessary to give specific answers to a real estate questions.
Ultimately, I suggest that you should consult with a real estate attorney, but if you provide the answers listed above it will help.
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