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Maine will cover property taxes for homeowners aged 65+ who have annual incomes under 40K. Thousands of homeowners — most of Maine’s residents who receive Social Security benefits — will be eligible for the benefit. The provision, LD 1638, takes effect on Oct. 18, 2021. There is a catch for these eligible owners, though.
Here’s the story.
Continue reading “Hold On, Maine Seniors. Property Tax Relief Is Coming”When a resident of Maine dies, it is likely that his or her estate will likely require probate. Probate is the process by which a property owner’s estate is transferred to the persons entitled to inherit it. All property which does not transfer through means of a survivorship interest, trust, or beneficiary designation is subject to probate. In Maine, the probate code is codified at Title 18-A of the Revised Statutes.
Continue reading “The Probate Process for Real Estate in Maine”