Effective for transfers after February 15, 2021, the exemption from reassessment only applies to the excess of the fair market value of a primary residence (qualifying for the homeowner's real estate tax exemption) over the transferor's assessed value up to $1 million.
The interview on Financial Insider Weekly for this week is with attorney Michael Desmarais. Our interview subject is "Why don't we just live together?"
This week’s interview on Financial Insider Weekly is with Peggy Martin, CLU, ChFC, MSFC of The Family Wealth Consulting Group. Our interview subject is "Planning your legacy."