Recently, I received an inquiry from a retired couple living in Ukiah’s El Dorado subdivision. They asked whether they could take their tax basis with them if they downsized to a smaller home in town. Thanks to Proposition 19, the Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment (2020), the answer … Read more
When you’re ready to downsize, figuring out what to do with your existing home is often the most difficult decision. The good news is that there are more options than you may realize. Consider the pros and cons of each option before finalizing your decision. Get Roommates While many people strictly recall their college days … Read more
Once the kids go off to college and then (hopefully) into the work world, empty nesters typically have more house than they need. The question becomes whether to sell or stay put. Let’s imagine you have a 3500-square-foot house. Now that your five adult children have families of their own, they visit from time to … Read more