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Don’t Forget Your Spouse! — ISBA Advises About Reverse Mortgages

Question: If I take out a reverse mortgage on our home, can it be under my name alone or should it also include my spouse, who is younger?

Answer: Some legal experts advise against leaving the spouse off the reverse mortgage. If the borrower dies, it may mean that the surviving spouse must pay off the mortgage or face foreclosure. Leaving the younger spouse off the mortgage may have enabled the borrower to get a larger loan, but this could put them at risk. More information is available on the National Council on Aging website ( or by contacting your lawyer.       For more information about Illinois law, visit If you have a legal question, send it to   Illinois Law Now is a series of newspaper and internet posts prepared by the Illinois State Bar Association that address legal issues of interest to the public. For additional information about the law, visit