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Flylady · 03-25-2007, 08:31 PM

Prop. 13 in general has allowed many family's to buy and KEEP their homes because they don't have to fear an escalating tax assessment for as long as they stay in their property. I too winter in Californa and summer in NH. I bought my NH lakefront 18 months ago. My parents inherated a wonderful lakefront from their family, however sadly they had to sell it because they could not afford the insurance and taxes. We alway had great memories as children on the lake and I hope my grandchildren will as well. What I have done to ensure the place stays in the family after I am gone is I have appointed a trustee to pay for taxes, insurance and certain type of up keep for 15 years after I am gone. Of course it takes a little financial planning to fund that type of a maintenance account. A life insurance policy will do most of it. I have faith that the good people of NH will keep our local officials in check with the power of the vote long after I have departed! However as others have pointed out....spending and cost of maintence will alway cause taxes to raise. Lets just hope at inflation level not faster than it.

03-25-2007, 08:31 PM	#38
Flylady Senior Member Join Date: Apr 2006 Location: So. California & Lakes Region Posts: 256 Thanks: 225 Thanked 106 Times in 61 Posts	Taxes and more.. Prop. 13 in general has allowed many family's to buy and KEEP their homes because they don't have to fear an escalating tax assessment for as long as they stay in their property. I too winter in Californa and summer in NH. I bought my NH lakefront 18 months ago. My parents inherated a wonderful lakefront from their family, however sadly they had to sell it because they could not afford the insurance and taxes. We alway had great memories as children on the lake and I hope my grandchildren will as well. What I have done to ensure the place stays in the family after I am gone is I have appointed a trustee to pay for taxes, insurance and certain type of up keep for 15 years after I am gone. Of course it takes a little financial planning to fund that type of a maintenance account. A life insurance policy will do most of it. I have faith that the good people of NH will keep our local officials in check with the power of the vote long after I have departed! However as others have pointed out....spending and cost of maintence will alway cause taxes to raise. Lets just hope at inflation level not faster than it.