First of all, for many people, their home is their most significant asset. So, I understand that one may want to use the home to tap into the equity to do a number of things. It is your money and you are entitled to use it for any lawful purpose.
It might be good to discuss “What is NOT a Good Estate Plan?
First, not talking about it is not a plan. So many people are, let’s be honest, procrastinators. Don’t let time pass you by. There comes a point in time when one comes to the realization, “There are no do-overs in life.” Many of us are rapidly steaming toward the finish line of life.
The best lawyer-like answer I can give you is, “it depends.” Or I could say, “maybe, maybe not.” The point is, don’t believe everything you hear on radio or TV. Don’t believe everything you read on the Internet – except what I have written, of course.