Tag: Seniors
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Three Estate Planning Moves Smart Seniors Avoid
You already know that naming your children on your deed is probably not good tax planning for the next generation. But what other, less obvious deed mistakes do smart seniors avoid? Here are three to consider.
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Thinking of Downsizing? Consider Costs Along With Benefits.
Thinking of downsizing? For some deed holders, it’s a fantastic choice. Just be sure you’re on the lookout for unexpected costs in today’s housing market. Here, we go through some scenarios so you can spot potential issues related to moving into a smaller place. Don’t let them catch you by surprise.
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Thousands of Seniors Lose Access to Hospital-at-Home Program Due to Federal Shutdown
It’s official: the current federal shutdown is now the second longest in modern U.S. history. Every day, it seems, we hear of some new fright because of lapses in federal funding. One of these scary things is affecting seniors who’ve chosen to age in place. The National Association of REALTORS® (NAR) reports that a lapse…
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Seniors Lose Billions Each Year to Scammers: 5 Quick Tips to Protect Yourself
According to the FBI, scammers take advantage of seniors to the tune of billions annually. A lot of this happens because seniors own a massive amount of U.S. real estate, a hard and valuable asset. To avoid enriching the wrong people, keep our five tips in mind. Consider sharing this column with friends who need…
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Estate Planning for Seniors With Multiple Properties
Seniors who own multiple properties have unique estate planning challenges. It’s a good problem to have. But if you’re in this situation, you’ll need to develop a strategy to pass your valuable assets after your passing. You’ll want to know the basics about deeds, wills, and trusts. Tax implications? Yes, those too. You’ll want to…
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A Ray of Sunshine for Older and Disabled Residents: Pennsylvania’s Amped-Up Property Tax Assistance Can Help
Getting over the hurdle of property tax payments is harder these days. That’s because taxable home values have gone up. So older Pennsylvanians are praising their governor, Josh Shapiro, for signing Act 7 of 2023 into law. It enlarges Pennsylvania’s Property Tax / Rent Rebate (PTRR). Hundreds of thousands of people — those who own,…
