Are you over 50 and looking to downsize your home?
California has recently passed Proposition 19, which could lead to property tax reductions for individuals over the age of 55 in the state. However, those who inherit homes from their parents or grandparents may face potential tax hikes as a result of this law. This development holds new implications for homeowners considering downsizing or planning to pass on their homes to their children in the future.
In this video, I have discussed the features of Proposition 19 and the best downsizing solution for senior citizens. The number of scams happening in the moving industry is also a concern. Watch this video till the end to have a better understanding of how you can safeguard your property from these scams. Also, you will learn about the things to consider when moving or downsizing.