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Navigating the Financial Side of Moving Parents to a Retirement Community in Buffalo, NY

Transitioning aging parents from their longtime home to a retirement community is a major life event—both emotionally and financially. While the benefits of assisted living or independent senior living communities include enhanced safety, social engagement, and reduced home maintenance, the cost of making this transition can be a major concern for families. Many adult children … Continued

Understanding Taxes When Selling a Parent’s House in Buffalo, NY

Selling a parent’s home is often a necessary step when transitioning them into assisted living or a retirement community. However, many families are caught off guard by the potential tax implications of the sale. Understanding these tax obligations is essential to ensure you maximize the proceeds from the home sale while minimizing financial surprises. At … Continued
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