Retiring? Consider a move to Lancaster County, Pennsylvania, when you retire!


Berkshire Hathaway HomeServices - Lisa Naples Real Estate

For more information about the author, click to view their website: Berkshire Hathaway HomeServices - Lisa Naples Real Estate

Posted on

Dec 22, 2022


Pennsylvania - South Central PA

How did Lancaster rank number one in the country for the top place to retire in 2022-2023 according to U.S News and World Report?  If you live here already, you understand.  We have many senior communities that range from resort-like to budget friendly.  We have affordable housing. We have several high-quality hospital and healthcare systems within Lancaster County, and many medical specialists.  We have a blend of unique cultures and easy access to major metropolitan areas - yet we're not a suburb of any larger area.  We have our own identity.  We have excellent food, from farm stands to farmers markets to local grocery stores to major grocery chains.  Lancaster's great food includes many amazing restaurants.  There are theaters, a symphony, a Roots and Blues fest, a baseball team and the list goes on.  There is no shortage of things to do in Lancaster, and if you want even more to do, hop on a train to Philly or New York. During this time of inflation, Lancaster has a lower cost of living than many areas of the country, including the metropolitan areas we are near. Lancaster isn't the only city in Pennsylvania to make the list.  We're in good company with Harrisburg coming in second.  In fact, there are 8 PA cities in the top 20.  "Top criteria include the happiness of local residents, housing affordability, tax rates and health care quality."  Read the report here and contact the Lisa Naples Team if you want to see if moving to Lancaster is the right move for you.

Other Articles You May Like

The Risks Of An Adult Child Getting An Advance On Their Inheritance

As we grow older, our desire to support our children often intensifies. A trend that is becoming more prevalent is parents choosing to give their adult children an advance on their inheritance while they are still alive. Essentially, this means gifting a sum of money to the child during the parents lifetime and including in their estate planning documents that if the gift is not repaid, it will be considered an advance, affecting the childs share of the estate. While there are several concerns I have with this approach, two major ones stand out: the potential impact on Medicaid eligibility due to the gift being considered, and the risk of unequal distribution of assets among the children. One significant issue arises if the parent requires long-term care. Medicaid, the government program that assists with long-term care costs, imposes a five-year look-back period to assess any gifts made during that time. If a gift is identified, a penalty is calculated, which could prevent the person from qualifying for Medicaid until the penalty period is served. Providing an advance during your lifetime is indeed considered a gift and may significantly affect your eligibility for long-term care assistance. Additionally, we cannot predict the financial demands that may arise toward the end of our lives, especially when it comes to potential long-term care needs. Giving away money during your lifetime with the expectation that everything will be equalized may be risky, as theres no guarantee of how much money will be left in your estate. For instance, if an advance of $300,000 is given to one child, deemed an advance, and after paying debts, funeral expenses, and legal bills, there is insufficient remaining to reimburse the other children, an unfair situation arises. As a general rule, we advise against providing advances during your lifetime. While there may be specific exceptions based on individual circumstances, seeking counsel before making such decisions is crucial. Without professional guidance, we do not recommend this course of action. Join our free educational workshop to delve deeper into estate planning and inheritance strategies. By attending, youll gain valuable insights to make informed decisions about your assets and your familys future. Reserve your spot now! 

My Spouse Has Been Diagnosed with Dementia. Are We Going To Lose Everything?

Has your spouse been diagnosed with dementia? You may wonder if you're at risk of losing everything, but the short answer is no. However, it's crucial to take the time to gather resources and learn about the diagnosis. Seek advice from healthcare professionals, organizations like the Alzheimer's Association, and other experts who can provide guidance. Once you feel comfortable with this information, it's wise to consult an elder law attorney to understand asset protection and the differences between care in assisted living facilities and long-term care facilities, as this can significantly impact how you'll pay for care. Planning for dementia can be challenging due to the variable progression of the disease. Some individuals may experience a slow decline while others deteriorate rapidly, and in certain cases, the journey could span 15 to 20 years or even longer. It's essential to seek advice early and regularly, allowing you to create a comprehensive plan and maintain a sense of control over the situation. In our office, our elder care coordinator, Meg Motter, assists families in developing a life care plan. This plan provides detailed instructions from start to finish and is continually adjusted as needed. It serves as a lifeline, empowering our clients' families to feel in control of the situation rather than being controlled by it.Considering the high costs of care, it's essential not to leave things to chance. Take action now and consult an estate planning and elder law attorney if you find yourself in this situation.To further support and equip you with valuable information, we invite you to register for our free educational workshop. Join us and gain valuable insights into dealing with dementia and securing your family's future. Don't miss out on this opportunity secure your spot today!

Moving Out of State?

Are you planning to move out of state? Bellomo & Associates, an estate planning and elder law firm based in York and Lancaster, Pennsylvania, is here to assist you. Our services cover everything from basic estate planning documents to asset protection and more. One common question we often receive is about the validity of documents when moving to a new state. Generally, if your documents were valid in the state where they were created, they should also hold validity in your new state. However, its crucial to remember that a confused mind may lead to complications. In many cases, it makes sense to consider redoing your documents according to your new states rules and regulations. Each state has its own specific requirements for documents like Powers of Attorney. If your new state has stricter or different requirements, you may encounter difficulties in having institutions accept your documents. While you may eventually prevail, it could be a hassle and time-consuming process. Let me share an example we experienced in the Commonwealth of Pennsylvania. A client moved from Arizona with documents deemed valid in Arizona at the time of creation. Despite having an affidavit from an Arizona attorney, we faced considerable difficulties in Lancaster County when attempting to accept the Will for probate. To avoid potential confusion and refusals to accept your documents, we strongly recommend updating your documents if you have the capacity to do so after moving. Although this might not be the technical rule, its a safer option for you and your family. Take the necessary steps to ensure your documents comply with your new states regulations. To learn more about estate planning and how to protect your assets, we invite you to join our free educational workshop. Register now and secure your spot!

Local Services By This Author

Berkshire Hathaway HomeServices Homesale Realty - Lisa Naples Team

Real Estate 150 North Pointe Boulevard, Lancaster, Pennsylvania, 17601

Is it time to get moving down a new path? Most people dont downsize suddenly. Its a process that can take months or years of planning. The Lisa Naples Team has helped many folks downsize into a new home (or apartment, 55+ community, or retirement/senior community) and wed love to help you. Put our years of experience to use helping you plan for your move. What can we do to help? Start with our workbook "Sorted & Packed, Your Guide to Getting Started with Your Downsize in 10 Steps".  You can download the workbook HERE.  Then, contact Lisa to schedule your free consultation.