I'm hoping some nice tessers out there might be able to help on this one. I phoned my dad last night who announced that he is considering an equity release scheme on his flat. The gentleman on the phone had suggested that he discuss it with me because they had had families getting upset when relatives had passed away and they didnt know that equity had been released on any property they owned and needed to be repaid. Ok so my first reaction was aaarrrghhhhhhhhhhh. I've done a bit of research on the net and as far as i can see the option he is looking at means he gets a cash lump sum now and then the 'loan with interest added' is paid back from his estate when he passes away. Has anyone on here done an equity release? anyone got any advice as im not sure what to say to him. Ultimately it is his flat, he has paid for it and it is upto him what he does with it. I worry long term that he might need the equity at a later date e.g if he needs to go in a care home at some point or needs to move to a bungalow because he cant manage tthe stairs etc. He is only in his early 60's so has plenty of years left in him yet. The flat has a value of less than £100k so the amount of money he would be able to release isnt huge and knowing my dad the way i do it would last him a couple of years at most. Why is talking about money with family sooo hard!