property

Property Taxes: I Get $5,600 a Month in Social Security Retirement Income, But Facing $20,000 Bill – Who Can Help?

Cincinnati, Ohio – A retiree in Cincinnati, Ohio, is facing a dilemma with their Social Security retirement income. Despite receiving $5,600 a month, the individual is concerned about their property taxes skyrocketing to $20,000 soon. This has left them questioning if they will have to resort to living under a bridge due to financial strain. The retiree’s situation highlights a common issue faced by many older adults who rely on fixed incomes during retirement. While …

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Inheritance Secrets: Sibling Feud Over Million Dollar Oceanfront Property Divides Family

A family dispute over inheritance has caused significant tension among siblings in a coastal town in Oregon. The conflict stems from the secret transfer of a $930,000 beachfront home by the mother to one of her sons, leaving the rest of the family feeling betrayed and neglected. The son who received the property has chosen a more leisurely lifestyle, focusing on hobbies like surfing and fishing, while his siblings have pursued corporate careers and built …

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Property Gifting Strategies to Avoid High Taxes: Expert Advice on Transferring Real Estate to Children

Los Angeles, California – A couple in Los Angeles, California, is seeking advice on how best to transfer their properties to their children without incurring substantial taxes. The couple, who have acquired multiple properties over the years, are hesitant to wait until their passing to gift the properties, as they find the idea unappealing. One option presented to the couple is transferring the properties to their children during their lifetime. However, it is important to …

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Frugal Living and Property Investing: How This Palmerston North Couple Retired in Their 30s for More Family Time

Palmerston North, New Zealand – Retiring early is a dream for many, but it’s a reality for one couple in Palmerston North, New Zealand. Aleisha Rutherford and her husband Liam accomplished what most people don’t achieve until their 60s – retiring in their early 30s. They credit their success to a combination of property investing and frugal living. Rutherford, a former deputy mayor of Palmerston North, shared that the idea of early retirement had caught …

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COVID-19 Hospital Seeks Coverage Under Health Care Endorsement in Property Policy

BOSTON, MA – A recent ruling by the 1st U.S. Circuit Court of Appeals has significant implications for hospitals seeking coverage for losses incurred while complying with government decontamination orders during the COVID-19 outbreak. Lawrence General Hospital, a nonprofit community hospital in northeastern Massachusetts, sought coverage under a health care endorsement in its property policy for losses allegedly stemming from the pandemic. The Court’s decision could impact insurers that include communicable disease coverage as a …

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How Do Americans Really Save for Retirement?

Diversifying your retirement portfolio is always good, but do we do it? From August 9-11, 2022, GOBankingRates polled 997 Americans ages 18 and older to determine what they are investing in for retirement. The survey included 16 questions regarding various financial matters, with one, in particular, focusing on the assets in respondents’ retirement accounts. Multiple responses were permitted based on each survey respondent’s portfolio components. The results were filtered using several different criteria, including age …

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