In the realm of financial planning, reverse mortgages have emerged as an innovative solution for homeowners, especially high net worth individuals, seeking to access the equity in their homes while maintaining ownership. Unlike traditional mortgages that require monthly payments, reverse mortgages allow homeowners to receive funds from lenders based on the appraised value of their properties. The unique feature of a reverse mortgage is that repayment is typically deferred until the borrower sells the home, permanently moves out, or passes away.