My father died on Dec. 24, 2014 and I inherited his home after living with him several years before his death. I still live there. However, I did not receive the new deed until later in 2015. I’m 66, single and my income is below the maximum for the Senior Freeze. What is considered my ownership date for the Senior Freeze?
As a small business owner, you should be thinking about your succession plan. A succession plan—or exit plan—is the strategic transferring of management roles or ownership of the company to others, whether it be a family member, an employee or an outside party.
I have appointed my oldest son as agent using a durable power of attorney form I got on the Internet. I want to be sure he understands his responsibilities, if he has to manage my money and pay my bills when I become ill.