Mountain View News Saturday, December 3, 2022 12 Mountain View News Saturday, December 3, 2022 12
LITTLE KNOWN PROPERTY TAX RELIEF PROGRAMS HELP
SENIORS SAVE
Dear Savvy Senior:
I recently learned about a property-tax relief program for
seniors in the county where I live. Apparently, there are
hundreds of these programs across the country that many
retirees, like me, are eligible for but don’t know about.
What can you tell me about this? Overtaxed Eddie
Dear Eddie:
Great question! Residential property-tax refund and credit programs exist in nearly every state, but unfortunately
few people know about them. These programs can help retirees and many other Americans
by reducing their property taxes. Here’s what you should know.
Rising Property TaxesProperty taxes are a major source of income for local governments, but while they help fund key public
services, they can be a financial drain for many homeowners, especially retirees, many of whom live on
fixed incomes.
According to Attom Data Solutions, a property-data provider, the average American household payed
$3,785 in property taxes in 2021, but this amount varies widely depending on your state’s tax rate and
your home’s estimated value. For example, New Jersey residents paid $9,476 per year on average in 2021,
while West Virginia residents paid $901.
To help ease this tax burden, most states offer a number of property-tax relief programs. But states aren’t
always proactive in letting people know. It’s up to you, the homeowner, to find out what’s available in your
county or city that you may be eligible for, and to apply.
Relief Programs
Property tax relief programs, sometimes called exemptions, release eligible homeowners from paying
some or all of their property tax obligation. How long the exemption lasts can vary depending on where
you live, and the reason you’re applying for the exemption.
The tax-relief process varies by county, city or state. In general, you’ll have to meet certain eligibility
requirements, submit an application and provide documents that support your request. Most programs
will either reduce, waive or freeze property taxes for seniors, veterans, surviving spouses, disabled and
low-income residents.
But there are some counties that also offer basic homestead exemptions to homeowners regardless of
age or income, and others that may provide exemptions to homeowners that have recently made energy-
efficient improvements to their home.
Where to Look
The best way to learn about local property-tax relief programs and their eligibility requirements is to visit
your county, city or state website that collects your property tax. Most of these sites also provide applications
and instructions, and will allow you to apply either online, by mail or at your local tax office.
Another good resource for locating programs in your area is the Lincoln Institute, which has a property-
tax database that lets you to browse programs across the country. To access it go to ResidentialPropertyTaxReliefPrograms.
org.
AARP may also be able to help through their Property Tax-Aide service – see PTAconsumers.aarpfoundation.
org. This free program, which is available in 13 states (Arizona, Colorado, Florida–Miami
Dade County, Illinois-Cook County, Kansas, Maryland, Michigan, Minnesota, Missouri, Nebraska, New
Hampshire, New York and North Carolina) and the District of Columbia helps eligible homeowners and
renters apply for relief.
Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior.org.
Jim Miller is a contributor to the NBC Today show and author of “The Savvy Senior” book.
FAMILY MATTERS
By Marc Garlett
HOW WILL THE RECESSION AFFECT YOUR FAMILY?
As you’re surely aware of,
we’re in the midst of great
economic shifts. The col
lapse of the crypto mar
ket, the roller coaster that
is the stock market, rising
interest rates, dropping home values, and inflation
through the roof—it’s enough to make you sick. And it
can make you sick, unless you take action.
During every economic shift, whether it’s the Great Depression,
the last Great Recession, or even during the
Covid pandemic, some people get rich, while others lose
everything, and you can learn from what happened and
create the exact future reality you want for yourself and
the people you love.
But to do that, you need to take action now. In service to
that, here are 4 steps you can take right away to change
your family’s future and ensure you have the stability
you need to sail through the latest economic shifts in the
best way possible.
On that note, whether you’ll be passing on wealth or inheriting
it, it’s crucial to have a plan in place to reduce the
massive loss that will occur if you wait to start the estate
planning conversation. Whether you have a little or a lot,
not getting clear on what you do have (or will receive)
can cause major upsets that can cost you far more than
just money.
1 - Get into conversation and connection
The first step to ensure your family benefits from the
current and coming economic shifts, regardless of what
happens, is to get into conversation and connection with
the people you depend on, the people who depend on
you, or who you will depend on, if something happens
to you or your assets.
With the economic realities that are upon us, we can no
longer go it alone, expecting everything to just work out
because the stock market is on the rise and there’s plenty
of savings’ cushion in the bank. Instead, this is the time
to bring your family together and talk about what there
is, where it is, and how it’s being managed (and will be
managed) in the event there is a black swan event, such
as another pandemic or a major stock-market crash.
If you are afraid to have these conversations because you
think your family might not do well with knowing what
you have, because you think they can’t handle knowing
what you have (or don’t have), or because talking about
family financial resources may be taken negatively, that’s
a sign that it’s more important than ever to get into conversation
and connection as soon as possible. And if you
don’t have kids, siblings, a spouse, or living parents, it’s
even more important that you start these conversations.
You can begin by identifying who you need to have these
conversations with.
If talking about assets and the allocation of family resources
is easy for your family, that’s great—it’s time to
take it to the next level by following the rest of the steps
outlined here. Once you get into conversation with the
right people based on your family dynamics, the next
step is to get comfortable enough to “open the curtain.”
This involves creating an inventory that lists all of the assets
you own, where they are located, and how the people
you love can find them in the event you become unable
to share those details yourself.
2 - Open the curtain: Create your “Family Wealth
Inventory”
Whether you’ve created a formal set of estate planning
documents already or not, it’s time to create (or update)
an inventory of your assets. In our experience, most estate
plans don’t do a very good job of keeping assets organized.
When a loved one becomes incapacitated or dies,
this is actually one of the biggest sources of expense,
heartache, and pain—no one knows what there is, where
it is, or how to find it.
One of the greatest gifts you can give the people you love
is what we call a “Family Wealth Inventory,” and it’s so
important, we create it for all of our clients as part of
their estate plan. You should not only create this inventory,
but you should keep it consistently updated, as your
assets change over time.
During a major economic shift, creating, updating and
revising your Family Wealth Inventory is critical, and
doing that with the people you love is a priority. As we
see it, family wealth isn’t just about your financial wealth,
it’s about your whole family wealth, including your intel
lectual, spiritual, and human assets. In fact, these non-
financial, intangible assets are usually what we all care
about most, and yet they are so often overlooked in estate
planning.
One of the best ways to maximize your family’s intellectual,
spiritual, and human assets is for your loved ones
to get into relationship around your family’s financial
resources. Begin by creating (or updating) your Family
Wealth Inventory, and sharing it with your loved ones,
so you can discuss how to best allocate (or re-allocate)
those resources. Having this conversation can help ensure
your family’s intellectual, spiritual, and human
wealth continues to grow, even as we move through these
uncertain economic times.
3 - Consider reallocating your resourcesOnce you’ve created your Family Wealth Inventory,
which allows you to see all your assets in one place and
consider the needs of your family, regardless of the economic
climate, you may decide to reallocate your resources.
For example, now might be the time to invest in
multigenerational housing that will allow you and your
kids to live together for many years or allow you to care
for aging parents, while still maintaining privacy. Or you
may decide that it’s time to create that homestead you’ve
been talking about building, or launch that business
you’ve been wanting to start. And it could be that now is
the time to do all of that with the people you love.
Times are changing, and the best time to look at what you
have, so you can consider the future you want to create
and intentionally allocate (or re-allocate) your resources
is right now. Those who do so will set up their families
to thrive. Those who don’t may fall behind and will wish
they had done something different once it’s too late.
4 - Update your planOnce you look at what you have, where it is, and how
you want it allocated, the next issue to decide on is who
would take care of it all if you cannot. Leaving the management
of your affairs to chance or to out-of-date estate
planning documents is the worst thing you can do for
yourself and those you love.
The Great Wealth Transfer is happening. Between $30
and $80 trillion of wealth will be transferred between
the generations over the next few decades. You’ll want
to have everything in order now to best prepare for that
transfer.
In the meantime, start by updating the estate planning
you already have in place to handle your assets in the
event of your incapacity or death. If you don’t have any
plan at all, the state has one for you, and it almost certainly
isn’t what you would want to have happen. And if
you do have an estate plan in place, it may be out of date,
or possibly wasn’t even created properly to begin with.
Secure your wealth, your legacy, and your family’s futureRegardless of how much, or how little, wealth you own,
now is the time to look at what you have, talk to your
parents about what they have, and talk to your kids about
what they’ll need to take care of you. And if you don’t
have kids or living parents, talk to your siblings or close
friends. Find a trusted estate planning law firm which
should have processes designed to guide you to look at
all of these things with ease and talk to the right people
based on your family dynamics and assets, as affordably
and effectively as possible.
Ultimately, your estate plan should have built-in support
for your life and legacy, which can greatly facilitate
your ability to make wise legal and financial decisions
throughout your lifetime and beyond.
By getting your estate planning in order, you can rest
assured that no matter what happens with the ongoing
and future economic shifts, your family wealth will offer
the maximum benefit for your loved ones. Don’t wait
to start having these critical conversations to ensure you
and your family will thrive through the recession and
any other calamity that may occur.
To your health, wealth, and family legacy,
Marc Garlett, Esq.
Cali Law Family Legacy
Matterswww.caliLaw.com
626.355.4000
SENIOR HAPPENINGS
HAPPY BIRTHDAY! …DECEMBER BIRTHDAYS*
Maria Decker, Nancy Dorn, Prudence Levine Pat Karamitros, Joan
Hufnagel, Mary Alice Cervera, Carol Horejsi, Shirley Anhalt, Helen
Reese, Levon Yapoujian, Toni Buckner, Lottie Bugl, Sheila Wohler, Nan
Murphy, Eleanor Hensel, Sylvia Curl, Elizabeth Levie, Gayle Licher, Cindy
Barran, and Melissa Stute, Prudence Levin, Sheila Woehler. * To add your
name to this distinguished list, please call the paper at 626.355.2737. YEAR of birth
SIERRA MADRE SENIOR CLUB Every Saturday from 11:30am-3:30 pm in the Hart
Park House Senior Center. Join us as we celebrate birthdays, holidays and play BINGO.
Must be 50+ to join. For more information call Mark at 626-355-3951.
DOMINOES TRAIN GAME 1st and 3rd Wednesdays, 11:00 am— 12:30 pm Hart Park
House The object of the game is for a player to play all the tiles from their hand onto one or
more trains, emanating from a central hub or “station”. Call Lawren with questions that you
may have.
TEA AND TALK SENIOR BOOK CLUB
WILL RETURN IN JANUARY 2023
Staff has launched a new book club series, Tea
and Talk, which meets twice a month to discuss
the fun, suspense, intrigue, love and so much
more that each selection will have in store!
CHAIR YOGA Every Monday and Wednesday,
10-10:45 am Please join us for some gentle
stretching, yoga, balance exercise and overall relaxation
with Paul. Classes are ongoing and held
in the Memorial Park Covered Pavilion or the
Hart Park House..
HULA AND POLYNESIAN DANCE Every
Friday, 10-10:45 am Bring a lei, your flower skirt
or just your desire to dance! Hula in the Park is
back and waiting for you to join in on all the fun!
Memorial Park Pavilion.
BLOOD PRESSURE CLINIC - Tuesday, Dec.13 11:00 am - 12:00 pm
Methodist Hospital will be holding a free to
seniors clinic once a month in the Hart Park
House. Walk in are welcome - no pre-registration
required.
CAKE
AND TREE
DECORATING
WEDNESDAY,
DECEMBER 7, 20221:00 - 3:00 pmHART PARK HOUSE
SENIOR CENTER
OUT TO PASTOR
A Weekly Religion Column by Rev. James Snyder
DO I REALLY TALK IN MY SLEEP?
For a long time, The Gra
cious Mistress of the Parson
age has accused me of talking
in my sleep. I never believed her and just
thought she was joking. At least, I thought it
was a joke.
One time she accused me of that and said,
“Why do you talk so much in your sleep at
night?”
Thinking this was a platform for jokes, I said,
“That’s because, during the day, I don’t have
any opportunity to talk.” Then I flashed her
one of my signature smiles.
She didn’t throw any smile back but stared
at me for a few moments with that stare that
went right through my body.
It was about our third Christmas, and as we
gathered around the Christmas tree, I handed
her a little Christmas box all wrapped up
in red paper with a nice little bow on the top.
Looking at me, she smiled and said, “Is this
the watch you were talking about in your
sleep the other night?”
Quite frankly, I did not know how to respond
to that. It was a watch, but I did not know
I had been talking about it in my sleep. So
there has to be another reason for that!
One morning at breakfast as we were finishing,
I said to her, “I’ve been thinking that
today….”
She interrupted me and said to me, “I know.
You want to go and get that new computer
you’ve been talking about in your sleep.”
I have been worrying about what secrets I’m
exposing at night while I’m sound asleep.
Then the other day at breakfast time, she
looked at me and said, “I think that’s an excellent
idea you have.”
Looking at her, I wondered what she was
talking about, so I said, “What are you talking
about?”
“You know,” she said with a big smile, “that
vacation you’re planning for this coming
summer. I think it is a wonderful idea.”
To be truthful, I had been thinking about a
special vacation this coming summer, but I
hadn’t said anything to her about it up to this
point. How in the world does she know I’m
thinking about this vacation?
Not knowing what to say, I looked at her,
“Where did you ever get that idea?”
With one of her chuckles, she said, “You
know. That vacation you were talking about
in your sleep last night. I agree with everything
you said about it.”
I was a little bit off at this point. I was thinking
about that vacation, but I had no idea
what I said in my sleep last night. I was afraid
to ask her about the details of that vacation.
I’m not sure if I need a psychologist or what!
How can I keep from talking in my sleep at
night? And, what if while I’m sleeping, I’m
talking nonsense and get myself into deep
trouble with the Gracious Mistress of the
Parsonage? Can I really believe that what I
say while I’m sleeping is actually true?
Thinking about this for some time, I devised
a little plan. One night I would pretend I was
asleep and talk in my sleep, or at least pretend
to. It took me a while to come up with some
idea, but eventually, I did.
I pretended I was asleep one night, and I began
talking around the middle of the night.
I said, “I think I’m going to surprise my wife
by buying her a brand-new car. After all, she
deserves it.”
I thought this might bring some closure to all
of these myths about me talking in my sleep.
Finally, I went to sleep and was quite anxious
to get up in the morning and hear the
response from The Gracious Mistress of the
Parsonage.
I was surprised when she said nothing about
me talking in my sleep last night.
Maybe she fell asleep and didn’t hear me. So,
I decided to try it the next night.
That following day there was absolutely nothing
she said about me talking in my sleep.
I did this for two more nights in a row, and
to my surprise, she never even acknowledged
that I talked in my sleep.
I wondered if all of this talking in my sleep
was just a fantasy from her point of view. I
didn’t know what to do next because nothing
I was doing was actually working.
Then I decided to do it one more night.
The following day at breakfast, while we were
eating, she stared at me, and I said, “Is something
wrong?”
“I don’t think that was very funny.”
“What are you talking about?” I asked her.
“You know what I mean, all that talking
about buying me a new car, but I know you
were not asleep when you said that. You are
just trying to trick me, and I’m not going to
have anything to do with that.”
I have learned that it is true only when I’m
talking in my sleep. When I talk when I’m
awake, it is not true. Oh, for the life of a
husband!
Then I was reminded of a verse in the Bible.
“For there is not a word in my tongue, but, lo,
O Lord, thou knowest it altogether” (Psalm
139:4).
I’m comfortable with knowing God hears everything
I say. With that I need to discipline
my tongue and keep in under control.
Mountain Views News 80 W Sierra Madre Blvd. No. 327 Sierra Madre, Ca. 91024 Office: 626.355.2737 Fax: 626.609.3285
Email: editor@mtnviewsnews.com Website: www.mtnviewsnews.com
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