Key Takeaways

• Your family can inherit your home if you have an equity release, provided they can repay the outstanding loan amount, usually by selling the property or using other funds.
• The equity release plan concludes with your property being sold to repay the loan, potentially impacting the inheritance of your heirs.
• Your home will be sold and the proceeds will be used to settle your equity release loan, with any remaining funds distributed to your estate.
• Your equity release debt does not pass onto your heirs; rather, it is repaid through the sale of your property.
• Your death triggers the repayment of your equity release loan, which is typically settled through the sale of your property.