Sentences with phrase «until death of the surviving spouse»

It was perhaps thought in the past that the arrangements could lie dormant, usually until the death of the surviving spouse.

Married couples can sometimes defer this tax until the death of the surviving spouse.

Not exact matches

To pay for home improvements is one increasingly common use for a reverse mortgage, because unlike a home equity loan, reverse mortgages don't require the borrower to repay the loan until death of the last surviving spouse.

A reverse mortgage doesn't do anything to your home's equity that any other mortgage wouldn't do; the only difference is that you don't have to repay a reverse mortgage until the death of the last surviving spouse, and assuming the amount you owe on the reverse mortgage is less than the property's value, your heirs would inherit the difference.

And five years later, approximately $ 412,000 could be borrowed all without a requirement that the loan be repaid until after the death of the last surviving spouse.

A person who is recently bereaved (married, co-habiting and persons in a civil partnership) and is thus parenting alone but who doesn't qualify for a Widow's, Widower's or Surviving Civil Partners Contributory Pension can claim one - parent family payment for up to two years from the date of death of the spouse, cohabitant or civil partner or until their youngest child reaches 18 years of age, whichever is earlier.