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Sept 28: Dalton Law Firm gives talk on reverse mortgages
Start Date: 09-28-2006 :
The Dalton Law Firm, a Raleigh based Elder Law firm focused on issues faced by senior citizens and their families, is conducting a Reverse Mortgage ‘Coffee Talk’ to help Seniors make informed decisions on how to pay for healthcare.
Coffee Talks is a new series of casual seminars conducted by Elder Law Attorney, Mary Ann Dalton. The Coffee Talks focus on a variety of issues facing senior citizens and provides helpful insights into preparing for the future. The first in the series, Reverse Mortgages, How to Pay For Healthcare When All You Have Is Your House, is slated for Thursday September 28 with sessions from both 10 to 11am and 2 to 3pm. The Coffee Talk will be held at Caribou Coffee, Olde Raleigh, 3101 Charles B. Root Wynd in Raleigh.
“Today, more financial planners and insurance agents are advising senior property owners to consider reverse mortgage as a way to open new streams of revenue to help with healthcare and home expenses. A reverse mortgage allows seniors to use the equity in their homes to pay expenses while continuing to live in their homes. The money can be paid to the senior either in the form of a lump sum payment, a monthly payment or equity line, or a combination of the two. The amount obtained through a reverse mortgage depends on several factors, mainly the value of the home, the age of the senior, the type of mortgage selected and current interest rates. There are a lot of things to consider, both opportunities and pitfalls,” said Dalton.
The goal of the Reverse Mortgage Coffee Talk is to not only introduce seniors to the idea of reverse mortgages but to make sure they are very well informed and have the knowledge they need to make the best decisions. Coffee Talks are free and both senior citizens and their adult children are encouraged to attend. Coffee and tea will be complimentary. For more information about the Reverse Mortgage Coffee Talk contact Dalton Law Firm at 785-3007.
About Dalton Law Firm: Mary Ann Dalton is an Elder Care Attorney who focuses on issues faced by senior citizens and their families. She counsels seniors on Elder Law, Life Care Planning, Guardianship, Estate Administration, Estate Planning, Wills, and Trusts. She also provides family mediation. Dalton is a frequent speaker on issues faced by seniors as they age. To learn more visit her Web site at Daltonlawyer.com.
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