Client Education Recaps: Downsizing and Irrevocable Trusts


If you’re thinking about getting rid of the big family homestead and moving to smaller digs, it’s time to downsize. What should you know in order to minimize stress?

Start the planning process early. You’ll have more options and retain more control that way.

If your move involves selling your home, it’s important to work with a real estate agent who can guide you through the process. Consider working with an agent who has the Senior Real Estate Specialist (SRES) designation.

The sale of your home may result in capital gains so don’t forget to include your tax professional on your team. When choosing professionals to help you, make sure to interview candidates before making a decision.

Don’t be surprised if downsizing generates emotions. Leaving a home you’ve loved for years can be a big loss, especially if that loss is linked to the death of a spouse, diminished health, or reduced independence.

Through it all, keep in mind the what, where, and why of moving. It could be the start of the next bold new adventure in your life. 

Elder Care Coordinator Debra King explains more in this video recap of the September Learning Café on the subject of downsizing. 


Irrevocable Trusts

Establishing an irrevocable trust is a five-step process. What’s involved? Associate Attorney Elizabeth McCoyd Greer provides an overview of the irrevocable trust process in this recap of the August Learning Café. 

Learning Cafes on Deck

Mark your calendar for upcoming Learning Café sessions including Medicare on October 5, Handling Disagreements on October 17 and October 24, and Holiday Issues on November 2 and December 7.

Watch for invitations by postcard and email. See the complete client education schedule on our EVENTS page.

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