Posts tagged "disabled homeowners"

California seeks asset protection help for seniors and disabled

One aspect of estate planning may be that an individual or couple is "house rich" but strapped for cash. In some California communities, real property taxes have risen to the point that seniors are in danger of losing their homes solely for not being able to come up with the money for the property tax. Asset protection planning is often necessary to both save the home for the duration of the owner's remaining years and to preserve it as part of the estate to pass on to heirs. A law to help seniors with just that problem is being proposed again, having been initially axed when California faced its budget crisis.

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