Blog | Tobin O’Connor Concino P.C.

Should You Be Worried About the Recent Increase in Commercial Real Estate CLOs?

Jay Butchko — Tue, 23 Apr 2024 10:00:26 +0000

So much about the real estate market is unpredictable. No one who was building shared office space, roller skating rinks, and movie theaters in 2019 could have anticipated what the next year would bring. Whenever one family buys one house, they are taking a financial risk, not knowing how much the value of the property will increase, or how easy it will be to sell it when they are ready. If they buy it with an adjustable-rate mortgage, or with the hope of refinancing in the near future, then they could be in for even more unpleasant surprises. Of course, a family’s decision to buy a house to live in is not primarily about money. If they take out a mortgage loan at a high interest rate and it stays high, at least they still have a family home. With commercial real estate, the highs are higher, and the lows are lower. The return on investment is an end in itself, and the amounts of money invested are exponentially bigger. A recent trend is the commercial real estate (CRE) market is causing some investors to worry. If you are buying commercial real estate for the first time, you should do so with the guidance of a Washington, D.C. real estate lawyer.

What Are CLOs, and Why Do They Make People So Nervous?

Collateralized loan obligations (CLOs) are not new; they have just made a return to prominence after a prolonged absence. A CLO is a high dollar value loan secured by a CRE property that is undergoing renovation; most of them have floating interest rates and terms of repayment less than three years. The borrowers of CLOs are usually medium-sized to large businesses, and they borrow the loans with the goal of selling them before the loans reach maturity. Therefore, banks consider CLOs a risky financial product.

After the housing market crisis of 2008, banks hesitated to issue CLOs at all, and businesses were not interested in borrowing them, so they virtually disappeared from the finance market. They have made a comeback recently, though. As of 2024, the combined total outstanding balance on all the CLOs in the United States is $80 billion, which is only a tiny fraction of the $20 trillion CRE market. Some CRE investors are worried, though, because the percentage of CLOs that are in distress has increased sharply in the past year. The percentage of CLOs in distress more than quadrupled between January 2023 and January 2024, meaning that now 8.6 percent of CLOs are in distress. This could mean a sizable increase in CRE defaults in the near future.

Even if you are not planning on investing in CLOs, a rise in CLO defaults could affect the CRE market as a whole. You should work with a real estate lawyer to understand the risks when investing in commercial real estate.

Contact Tobin O’Connor Ewing About Commercial Real Estate

A Washington, D.C. real estate attorney can help you get into the potentially lucrative world of commercial real estate. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.

Source:

globest.com/2024/03/20/the-cre-clo-problem-is-even-worse-than-it-seemed/?slreturn=20240228163340

Real Estate Transactions Run in the Family

Jay Butchko — Fri, 19 Apr 2024 10:00:08 +0000

Everyone complains that the rich get richer while the rest of us work our whole lives for little or no reward. If you have not thought about this for a while, it speaks well of your financial situation, your ability to be content with what you have, or both. It is easier to feel content with your financial situation if you own your own home; in fact, home ownership is virtually synonymous with financial stability. Among the most common reasons that people aspire to buy their first house is the desire to build generational wealth for their families. Your children are likely to need your help with their first real estate purchase. A generation ago, policies and economic conditions combined to make first time home ownership accessible to large numbers of people, but that world no longer exists. Even if your young adult children have been consistently employed since they graduated from college, the purchase of a house or condo is likely to be out of their reach for years to come. If you are planning to help your children purchase their first home, contact a Washington, D.C. real estate lawyer.

The Role of the Real Estate Market in Building Generational Wealth

Some journalists flippantly describe homeowners as “nepo babies,” while others claim that the state of the housing market at the time when you first endeavor to buy a house can determine the financial situation of your family for years to come. This means that, today, it is hard for anyone to come up with a big enough down payment for a mortgage they can afford or qualify for. Parents who already own their homes are the obvious choice for a source of funds to add to the down payment. Your own parents will not hold it against you that you have never owned a house before, and they are unlikely to make you pay back the money at all, much less with interest. Journalists may complain about the Baby Boomer dads who visit open houses with prospective homebuyers, but they are just jealous.

If Buying Real Estate Is a Family Affair, Then Why Do You Need a Lawyer?

Of all the factors involved in the current chaotic state of the real estate market, one of them is a court decision signaling a change in the way that real estate agents receive their commissions. This means that your children could face yet another financial hurdle when it comes to first time home ownership. It is possible to buy or sell a house without hiring a real estate agent; you have probably seen signs saying “for sale by owner” in front of houses before. Navigating the real estate market on your own is a challenge, though; it is simpler and less expensive to work with a real estate lawyer.

Contact Tobin O’Connor Ewing About Family Real Estate Matters

A Washington, D.C. real estate attorney can help you think through the decisions and plans necessary for helping your children make their first real estate purchase. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.

Source:

ca.finance.yahoo.com/news/nepo-housing-market-more-third-170559313.html

It’s Time to Make Will Attestation Parties a Thing

Jay Butchko — Tue, 09 Apr 2024 10:00:43 +0000

When you were young, friendship was beautiful and pure. The highlight of your day was riding the school bus after school, sitting next to a friend who wasn’t in any of your classes and didn’t get off the bus at the same stop as you, singing, “We Will Rock You” and laughing until you snorted, for no apparent reason. It was the same routine every day for the whole school year, and you never got tired of it. Socializing as an adult is considerably less fun. People boast about their children’s accomplishments, kvetch about how much they have to pay in property taxes, and pass judgment on everything and everyone. If anything, socializing makes you lonelier. If only it were possible to convene a meaningful social event at your age, one that served a purpose and wasn’t just for show, one where you don’t have to pretend to be younger or wealthier than you are. Estate planning can be an opportunity to show your friends how much you appreciate and trust them, and not just by leaving them property in your will. Inviting your friends to serve as witnesses to your will is great for your own peace of mind and for your relationships with your friends. The first step is to phrase the provisions of your will in the best possible way, a task which may require the help of a Washington, D.C. estate planning lawyer.

What Does Pure Friendship for the AARP Set Look Like?

According to Maryland law, a will is not legally enforceable unless it bears the signature of the testator and the signatures of two witnesses. The testator and both witnesses must all be in each other’s presence when they sign the will. This is all the reason you need to invite two friends to your house for a will signing party. For triple the fun, the witnesses can also bring their own wills for you to sign.

From a legal standpoint, any adult can act as a witness to your will, from a close family member to a complete stranger. The best choice, though, is people you trust and who have no ulterior motives, whose only wish in the matter is for your will to be legally valid. Maryland law does not prohibit beneficiaries of the will from signing it as witnesses. While it is a good idea to tell the beneficiaries of your will about its contents, if you choose to, it is not a good idea to have them sign it as witnesses. When the beneficiaries witness the will, there is too much room for speculation about undue influence, especially if the testator has disinherited other close family members who did not sign the will as witnesses.

Contact Tobin O’Connor Ewing About Formalizing a Legally Enforceable Will

A Washington, D.C. estate planning attorney can help you draft your will so that you and two of your closest friends can sign it in style. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.

Sources:

registers.maryland.gov/main/publications/wills.html

registers.maryland.gov/main/region/howard/The%20Last%20Will%20and%20Testament%20Brochure.pdf

Don’t Forget to Write Formerly Estranged Relatives Back Into Your Will

Jay Butchko — Tue, 26 Mar 2024 10:00:37 +0000

You know you are old if, when you were a teenager, you had a poster of David Cassidy on the wall of your bedroom. Like so many child stars, Cassidy grew up to be an adult whose life has the same ups and downs as any other adult’s life does, including several marriages and divorces. His daughter Katie was born after a brief relationship; he never married Katie’s mother. Katie grew up with her mother and stepfather, but it was only when she was an adult that she developed a close relationship with him. The good news is that Cassidy remained close to his daughter for the rest of his life; she was at his bedside when he died. The bad news is that he never updated his will to include her as a beneficiary. What could have been a sweet story with a happy ending turned into a legal battle with plenty of stress for Cassidy’s family. Establishing a relationship with a formerly estranged relative is one of the most underrated reasons to update your will, but it is never too soon to do it, which means that it is never too soon to contact a Washington, D.C. estate planning lawyer.

Being Disinherited by a Family Member That You Thought Forgave You Hurts Twice as Much

Negative emotions tend to motivate people to rewrite their wills more quickly than positive emotions do. It’s easy to fire up your computer and rewrite your will to disinherit a relative after an argument, or even after the relative makes an insensitive comment on social media, and if you’re still mad by the time you have printed your will and assembled two witnesses, your inconsiderate relative’s inheritance is gone.

You would be surprised how easy it is to procrastinate rewriting your will when things are going well. If your kids get along with each other for an entire road trip, you don’t think, “I should rewrite my will to reflect that I now have two children, so that they can continue to get along with each other after I die.” When you get remarried, you don’t think, “I should rewrite my will so that my spouse does not go through an ugly probate battle with my children from my first marriage.” In both of these cases, you should update your will, but it is easy to procrastinate when you are not feeling acute discomfort.

Likewise, reconciling with a previously estranged relative is beautiful. If you have a troubled history, then reconnecting with your relative may be a relief to both of you, but you may have lingering doubts about whether all is really forgiven. The best way to make your reconciliation absolute is to rewrite your will to include the relative with which you have reconciled. Otherwise, your estate plan will feel like another rejection.

Contact Tobin O’Connor Ewing About Formalizing Your Reconciliation With a Family Member

A Washington, D.C. estate planning attorney can help you write a new version of your will if you have reconciled with a formerly estranged relative. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.

Source:

people.com/tv/david-cassidy-will-estate-son-inheritance/

In Praise of Trust Fund Kitties

Jay Butchko — Tue, 19 Mar 2024 10:00:37 +0000

If you want your beloved pets to benefit from your generosity after you are gone, that is your prerogative. What you do with your estate is your business. Since animals cannot be beneficiaries of a will in their own right, you will have to word your will in such a way that your pets are not the ones inheriting from you, but the money that you have set aside for them goes to their care. Providing for the care of domestic animals is a fairly common practice among pet owners, even if the testator also left most of the estate to family members or friends. The wealthy misanthrope who leaves his entire estate to his beloved schnauzer, his only friend in the world, is a stereotype, not a reality. The cases of animal-related estate disputes are the ones where the testator made a legal error. For example, Leona Helmsley, the businesswoman who left a fortune to her Maltese dog Trouble, made news headlines because of the amount of money. Helmsley did a lot of things right in her estate plan; her only mistake was designating more money for the care of one dog than the dog could ever need in its lifetime. To find out more about providing for your pets in your estate plan, contact a Washington, D.C. estate planning lawyer.

Anyone Who Has Ever Coughed Up a Furball on the Carpet Should Not Be a Beneficiary of Your Will

Probate courts do not usually directly contradict the provisions of a legally valid will, but a probate court recently ordered the removal of seven pampered Persian cats from the McMansion they had inherited. The cats belonged to a woman who died at age 84 and left a will saying that her estate was not to sell her house until after the last of her seven cats had died. The will stipulated that the cats should live out their days in her house, where they had lived since they were kittens. She set aside a separate amount of money for each cat’s care.

While the decedent was meticulous in specifying that the estate should sell the house after the last of the cats died and in calculating each animal’s expenses, the probate court was not satisfied. The Humane Society determined that it was not safe for the cats to live together in the house without a human roommate, even though someone came to the house several times per day to feed the cats and clean the litter box. The probate court ordered the personal representative to find new homes for the cats, while making every effort to honor the decedent’s wishes to keep the cats together.

A way to avoid this problem is to set up a trust to manage the care of your pets after you die. It should include a salary for a full-time caregiver, preferably on a live-in basis, who may or may not be the same as the trustee.

Contact Tobin O’Connor Ewing About Estate Planning for Animal Lovers

A Washington, D.C. estate planning attorney can help you write an estate plan that provides for the care of your pets. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.

Source:

usatoday.com/story/news/nation/2023/06/20/nancy-sauer-tampa-cats-inheritance/70337455007/

Everyone Wins When Landlords Help Tenants Boost Their Credit Score

Jay Butchko — Tue, 12 Mar 2024 10:00:09 +0000

Despite the fact that home ownership is becoming unaffordable for an increasing number of people, the economics of residential rentals please no one, regardless of whether it is a mom-and-pop landlord renting out a finished basement or a large company managing a building with hundreds of units. The rent payments that landlords collect from tenants are barely enough to cover the cost of building maintenance, and tenants struggle to pay the rent, which leads to a situation where everyone complains. Tenants’ biggest grievance is that, despite all the hard work they do to keep up with the cost of rent payments, the credit reporting bureaus do not give them credit for keeping up with their payments week after week and year after year. Today, rent reporting services give tenants a boost to their credit score for consistently making their rent payments on time. To find out more about what landlords can do to make rental arrangements financially beneficial for landlords and tenants, contact a Washington, D.C. real estate lawyer.

How Do Rent Reporting Services Work?

The three credit reporting bureaus, namely Equifax, Experian, and TransUnion keep track of certain payments by consumers and use these as a basis of the consumers’ credit scores. The payments that count toward your credit score are mostly payments toward loans, such as home mortgage payments, car loan payments, and credit card payments. In other words, you need to have a high enough credit score to qualify for loans, and then making payments on them increases your credit score even more.

Meanwhile, the bills that most of us pay on a regular basis don’t help our credit scores. You can pay your rent and utility bills on time every month for years with little boost to your credit score. Recently, a variety of rent reporting services have appeared. As their names suggest, they report tenants’ rent payments to the credit reporting bureaus so that tenants can get a boost to their credit score by keeping up with their housing payments, much as homeowners do.

Landlords can choose from rent reporting apps such as Zillow Rental Manager, ClearNow, Esusu, and PayYourRent. Other rent reporting apps are available by subscription to tenants rather than to landlords. If you subscribe to a rent reporting service, this can make your rental property more attractive to tenants than other, similarly priced, properties. Reporting tenants’ rent payments to credit reporting bureaus is a win-win situation. For tenants, they can increase their creditworthiness more quickly while renting, giving them lower interest rates on personal loans and freeing up more funds to pay down their credit cards or make a down payment on a car. For landlords, this financial incentive can attract tenants, meaning that the property has fewer vacant units at any given time.

Contact Tobin O’Connor Ewing About Real Estate Ownership in Tough Times

A Washington, D.C. real estate attorney can help you incorporate rent reporting services that benefit your tenants into your business strategy. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.

Source:

cnbc.com/2024/01/20/how-to-use-rent-reporting-services-to-build-improve-credit.html

What Is Legal When It Comes to Screening Prospective Tenants?

Jay Butchko — Tue, 05 Mar 2024 11:00:09 +0000

Vacancies are a landlord’s worst nightmare, so why is housing so hard to find in Washington, D.C.? Prospective tenants must demonstrate to the landlord that they will consistently be able to make rent payments; this usually means showing proof of employment and income. Sure, every landlord forms a first impression about how much or how little trouble a tenant will cause if they move in. The family with the small children and the big dog will cause more wear and tear to their unit than the retired lady who lives alone with no pets. Everyone deserves a place to live, though, even people who are noisy enough to annoy their neighbors or messy enough that the walls of their apartment will probably need a new paint job after they move out. New Washington, D.C. laws provide more robust protections against housing discrimination, but some tenants claim that landlords have denied their housing applications for prohibited reasons. Late rent payments from tenants are annoying, but housing discrimination lawsuits are worse, both in terms of workload and expense. To ensure that your rental properties are in compliance with current fair housing laws, contact a Washington, D.C. real estate lawyer.

Two Northwest D.C. Apartment Complexes Face Housing Discrimination Lawsuit

The Equal Rights Center has filed a lawsuit against the property management company Air Communities, alleging that two apartment complexes it manages in Northwest D.C. have illegally discriminated against applicants for housing. The two apartment complexes mentioned in the lawsuit are Latrobe Gardens and Vaughn Place. The lawsuit alleges that the apartment complexes discriminated against applicants based on source of income, meaning that it denied their applications because they have housing vouchers. Source of income is a protected class, according to the fair housing laws of Washington, D.C.

Landlords have the right to run background checks on prospective tenants. If the tenants do not have housing vouchers, the landlords can set minimum income levels in their eligibility requirements; many landlords require applicants to have an income that is at least three times the rent payment. The landlords cannot discriminate based on whether that income comes from employment, public benefits such as Social Security, or other sources such as investment income or payments from a trust.

According to D.C. law, eviction records are sealed after three years. Therefore, a landlord cannot hold it against a prospective tenant if the tenant was evicted from a rental unit more than three years ago. Likewise, a landlord cannot deny a prospective tenant’s application because of an arrest record or conviction record if the arrest or conviction happened more than seven years ago. Landlords have the right to run credit checks, but they cannot discriminate against prospective tenants based on their credit score. Having adequate income or a housing voucher is sufficient proof that you can pay the rent, even if you have a low credit score or no credit history.

Contact Tobin O’Connor Ewing About Staying on the Right Side of the Law as a Landlord

A Washington, D.C. real estate attorney can help your rental property comply with fair housing laws. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.

Source:

wtop.com/dc/2024/02/lawsuit-accuses-dc-property-management-company-of-discriminating-against-potential-tenants/

equalrightscenter.org/voucher-discrimination-new-protections/

Is Delaying Retirement a Good Estate Planning Strategy?

Jay Butchko — Fri, 01 Mar 2024 11:00:24 +0000

Everyone’s bucket list is unique, but it is unlikely that anyone’s bucket list contains an item that says “outlive my savings.” Monthly Social Security checks are getting smaller for subsequent classes of retirees, and many middle-aged adults have little or no retirement savings, despite having been in the workforce consistently since they were in their early 20s. In the old days, retirement planners used to tell clients that they should work until they are at least 66 if they want to have a luxurious retirement, but these days, it is closer to the truth to say that you will have to work until you are at least 66 if you want to be slightly less broke. The only problem is that it is not possible to be sure how long your job will continue to exist and how long you will be able to continue to work. If you are ready to face the fact that your plans to remain in the workforce well beyond your 65^th birthday may not ensure prosperity, contact a Washington, D.C. estate planning lawyer.

What the Data Say About Planning to Work Past Age 65

Your anticipated age of retirement is a wish, not a known quantity. If you ask a group of 50-year-olds at what age they plan to retire, most of them will end up retiring several years earlier than that. Greg Iacurci of CNBC personal finance has even deduced a mathematical formula for this phenomenon. Take the age at which you want to retire and subtract 69. Say you want to retire at age 69; 69 minus 61 is eight. Now divide eight by two, so you get four. Now add four to 61, so you get 65. Iacurci says that you will most likely retire at age 65. Therefore, you should base all your financial plans on making it halfway from your 61^st birthday to your anticipated retirement date.

Not all early retirements are alike. Only one third of people who retire earlier than their originally anticipated retirement age do so because they were able to build up more savings than they expected, making an earlier retirement financially feasible. Another third retire earlier because of health issues, and the last third do so because of job layoffs. The worse news is that only 10 percent of the gray-haired bearers of pink slips are able to find jobs that pay as much as their previous jobs. Most of them stay in the workforce part time; the lucky few who are able to find new full-time jobs find jobs that pay less than their former employers paid. Age discrimination stinks, and you have the right to sue if your employer fires you because of your age. Meanwhile, you should also make financial plans based on the assumption that how long you stay in the workforce is not entirely within your control.

Contact Tobin O’Connor Ewing About Estate Planning for Industrious Seniors

A Washington, D.C. estate planning attorney can help you if you must retire sooner than you had hoped. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.

Source:

cnbc.com/2023/10/31/why-working-longer-is-not-a-good-retirement-plan.html

Everyone Loses When Landlords of Unlicensed Properties Try to Collect Rent

Jay Butchko — Tue, 20 Feb 2024 11:00:22 +0000

Rent is prohibitively expensive these days. To be approved to rent an apartment in a building managed by a reputable company, you have to be so wealthy that, 15 years ago, your income level would have gotten you approved for a home mortgage. The safest rental agreements are the ones where the landlord and the tenant can do a thorough background check on each other. When tenants rent from a licensed property, they should reasonably expect that the property will continue to keep its license active. What happens if the rental license of a property expires while tenants are still living there? Do tenants have an obligation to continue paying rent after their landlord’s rental license has expired? What legal remedies do landlords have if tenants do not pay rent to live in unlicensed properties? The whole situation is a mess, and the first step that you, as a landlord, should take toward mitigating their financial losses is to renew the rental license on their properties. Meanwhile, to sort out the entire legal and financial mess, you should contact a Washington, D.C. real estate lawyer.

Maryland Supreme Court Rules That Landlords and Tenants Engage in Shady Rental Agreements at Their Own Risk

In 2022, the Maryland Supreme Court issued a ruling about the rights and obligations of landlords and tenants after the rental license of a real estate property has expired. The Court ruled that landlords have the right to continue accepting rent payments from tenants while the property’s rental license is inactive. Meanwhile, as long as the property’s license is inactive, landlords do not have the right to use the court system to compel tenants to pay overdue rent. In other words, if your rental license expires and your tenants skip paying their rent until your license gets reinstated, then you can ask them nicely to pay their rent, but you cannot file a lawsuit against them in an effort to collect payment.

The court also ruled that, if tenants voluntarily pay rent to a landlord while the property’s rental license is expired, they do not have the right to ask the court system to seek reimbursement for the rent money they paid. In other words, they can ask the landlord nicely to refund the money for the months they paid to live in an unlicensed property or to credit the payments they made during that period toward future months, but they do not have the right to sue.

This month, a group of tenants has filed a class action lawsuit against a landlord that they claim took legal action against them to collect rent payments while the property did not have a valid rental license. They have also named as a defendant a law firm that the landlord hired to help it collect payment.

Contact Tobin O’Connor Ewing About Disputes Between Landlords and Tenant

A Washington, D.C. real attorney attorney can help you if your tenants claim that they have the right not to pay rent. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.

Source:

thedailyrecord.com/2023/11/27/law-firm-property-owner-sued-for-collecting-rent-at-unlicensed-apartments/

Yikes! Maryland Is Among the Top 5 Most Expensive States to Retire

Jay Butchko — Tue, 13 Feb 2024 11:00:04 +0000

Unless your goal is to create generational wealth or to use it as an income-generating asset, then selling your empty nest and moving somewhere more affordable makes the most financial sense. There is no reason to live inside the Beltway, where the housing prices are astronomical, once you have retired from your inside the Beltway job. Of course, the housing market has changed a lot since you bought the family home, which is now very valuable. The proceeds of the sale will be considerable, provided that you can find someone who can afford to buy. Of course, if you stay in the Maryland suburbs of D.C., you could find your stash of money shrinking much faster than you expected, even when you are no longer paying utility bills or such a large house, parking in garages that cost more per day than most people’s hourly wage, or buying lunches and coffee at work. Recent data show that Maryland is one of the nation’s most expensive states to retire. A Washington, D.C. estate planning lawyer can help you weigh the pros and cons of retiring in Maryland or in another state.

Are You Ready to Move Across the Border to West Virginia?

Bankrate’s rankings of the most and least expensive rates to retire are in for this year, and much to the surprise of no one who lives in the D.C. area, Maryland is one of the most expensive states for retirees. In fact, in terms of the cost of living for retirees, Maryland ranks fifth, behind New York, California, Massachusetts, and Washington. Meanwhile, the least expensive state to retire is West Virginia. In fact, Bankrate considers West Virginia the third best state to retire when you take into account non-financial factors as well as financial ones. West Virginia’s low crime rate and relatively mild winters also make it an attractive destination for retirees.

Florida, the focus of so many retirement daydreams during cold Maryland winters and Beltway traffic jams that you are getting too old to sit through, has long since lost its place among the top ten most affordable places to spend one’s retirement. In 2022, Florida ranked as the 18^th most affordable state to retire, but in 2023, it ranks 35^th. This is another way of saying that it is only ten states more affordable than Maryland. This is partly attributable to the large numbers of people who have moved to Florida since the beginning of the pandemic, making for a very competitive housing market. Furthermore, the cost of homeowners’ insurance in Florida is prohibitively expensive because destructive hurricanes make landfall in Florida so frequently; some insurance companies refuse to issue homeowners’ insurance policies at all.

Contact Tobin O’Connor Ewing About Planning for Housing Expenses in Retirement

A Washington, D.C. estate planning attorney can help you use the proceeds of the sale of your empty nest toward an affordable lifestyle in retirement, whether in Maryland or in another state. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.

Sources:

nationalmortgageprofessional.com/news/florida-battles-riptide-closing-problems

cnbc.com/2023/08/31/cheapest-us-states-to-retire-in-2023.html