Beverly Hills Bar Association
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Elder Law Committee
of the Trusts and Estates Section
Pros and Cons of the New Jumbo Reverse Mortgage Products and a Comparison with Conventional and Non-Conventional Alternatives
Our speaker, Lester Wood, works with senior homeowners and their fiduciaries to help seniors stay in their home when they have financial challenges doing so. He will analyze the advantages and disadvantages of the recent changes to both the FHA/HUD and proprietary Jumbo Reverse Mortgages for both cash flow needs and purchases. How do they compare to Home Equity Lines of Credit, (HELOCs) and Conventional Mortgages? He will also explore other options to help a senior stay at home with the Non-Conventional alternatives such as Privately Funded Reverse Mortgages, Shared Appreciation programs, Sale with Retained Life Estates, and Charitable Remainder Trusts with a Retained Life Estate and Gift Annuity. A specialist in reverse mortgages, Lester Wood, is a member of the California Bar (Inactive) with over 40 years experience in finance and was also formerly a law school instructor in wills and trusts.


Lester Wood, President
Senior Funding Advisors
When: Tuesday, December 11, 2018, 12:00 p.m. | Program: 12:30 p.m. - 1:30 p.m.
Where: Beverly Hills Bar Association (Directions, Parking at 241 No. Canon Drive)
$0 -Members of todaplus & The Order of Distinguished Attorneys
- BHBA Members who pay in advance*
$225 - Non-BHBA Members who pay in advance*
Interested in Membership? Try it Free, No Commitment, for 30 days
Elder Law Committee Chair: Terry M. Magady, Esq.
* Advanced registration closes24 hours prior to event time. Registrations received thereafter include a $25 additional fee.Full refund with 48 hours notice. Raincheck with 24 hours notice.

This activity has been approved for Minimum Continuing Legal Education credit by the State Bar of California in the amount of One Hour of Participatory MCLE Credit (andONE HOUR IN LEGAL SPECIALIZATION IN ESTATE PLANNING, TRUSTS & PROBATE LAW) and the Beverly Hills Bar Association certifies that this activity conforms to the standards for approved education activities prescribed by the rules and regulations of the State Bar of California governing minimum continuing legal education.

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This event has passed the cut off date for on-line registration. If you would still like to register for this event, please call the Beverly Hills Bar Association at (310) 601-2422 to check on availablity and register.