According to reverse mortgage rules, when the owner of a home enrolled in a reverse mortgage moves out of the current home or passes away, the loan payoff is due shortly after, leaving many heirs in a complicated financial situation. Experts are encouraging people to let their heirs know about their reverse mortgage to help avoid future financial problems. If both spouses’ names are on the mortgage and one spouse passes away, the reverse mortgage will not require immediate payoff and will continue as designed. Adult children and spouses not on the mortgage will be expected to pay the loan off in full within 6 months following the borrower’s death. More here