2100 Douglas Blvd, Roseville, CA

Estate Planning, Charitable Giving
And The Northern California Conference

The Planned Giving Department provides information to individuals that will assist them in using gift planning documents such as Wills, Trusts, Gift Annuities, Power of Attorney and Health Care Directives; that will provide for and protect family members and support God's work in Northern California and beyond.

Our department has received the highest possible accreditation by the North American Division of the General Conference of Seventh-day Adventists and certification for all of our planned giving professional staff. We are committed to assisting you with helpful information regarding the best way for you to benefit through a planned gift and to assist you with planning for the distribution of your estate. Please give us a call at 916-886-5699 and we will be happy to assist you.

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Thursday September 23, 2021

Savvy Living

Savvy Senior

How to Downsize Your Home for a Move

What tips can you offer for downsizing? My husband and I would like to relocate from our house into a retirement community condo near our daughter, but need to get rid of a lot of personal possessions before we can move.

The process of weeding through a house full of stuff and parting with old possessions is difficult and overwhelming for most people. A good place to start is to see if your kids, grandkids or other family members would like any of your unused possessions. Here are a few tips and services that may help you downsize.

Sell It

Selling unneeded items is one way to downsize and pad your pocketbook at the same time. Your options may include selling your items through consignment shops, garage sales, estate sales or online marketplaces.

Consignment shops are good for selling old clothing, household furnishings and decorative items. The shop will typically receive 30% to 40% of the purchase price. A good old-fashion garage sale is another option. For large-scale downsizing you may want to consider hiring an estate sale company to come in and sell your items. Some estate sale companies will even pick up your stuff and sell it at their own location – they typically take about 35% of the profits as a fee.

Selling online is also a great option and opens you up to a wider audience. Many online marketplaces and platforms offer great options for selling locally, which can eliminate the costs and hassle of packing and shipping. These websites and apps do not take a cut of your sales, but you are responsible for connecting with your buyer and making the exchange of money and goods.

Donate It

If you itemize on your tax returns, donating your belongings to charitable organizations is another way to downsize and receive a tax deduction. Some of these charitable organizations may offer services to pick up the items you wish to donate.

If your charitable deductions exceed $500, you will need to file Form 8283, "Noncash Charitable Contributions" (IRS.gov/pub/irs-pdf/f8283.pdf). You will also need a receipt from the organization for every batch of items you donate and will need to create an itemized list of the items donated. For more information about charitable contributions, check out IRS Publication 526.

Toss It

If you have a lot of junk you want to get rid of, contact your municipal trash service to see if they provide bulk curbside pickup services. Depending on where you live, you may be able to hire a private company to come in and haul it off for a moderate fee.

Get Help

If you want or need some help with the moving process, consider hiring a senior move manager. These are professional organizers who help older adults and their families with the daunting process of downsizing and moving to a new residence. To locate one in your area, visit the National Association of Senior and Specialty Move Managers at NASMM.org or call 877-606-2766.

Savvy Living is written by Jim Miller, a regular contributor to the NBC Today Show and author of "The Savvy Living" book. Any links in this article are offered as a service and there is no endorsement of any product. These articles are offered as a helpful and informative service to our friends and may not always reflect this organization's official position on some topics. Jim invites you to send your senior questions to: Savvy Living, P.O. Box 5443, Norman, OK 73070.

Published June 25, 2021
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Power of Attorney

If you want to be sure that a person you trust will be able to make decisions for you when you are unable to do so, you can create a power of attorney agreement for healthcare or finances. A power of attorney for healthcare allows a person (known as your agent) to make decisions about the medical care you will or will not receive. A power of attorney for finances allows your agent to manage your financial affairs. Your agent must make decisions consistent with what they know your wishes are, even if they personally disagree. If they do not know your wishes on a particular matter, they must act in your best interest. You can give your agent broad authority to make decisions related to your financial or health care needs, or you can limit their authority to certain types of decisions. Depending on your needs, we can help you create a power of attorney agreement that will be active immediately, will go into effect if you become incapacitated, or will only be in effect for a limited time or under specific circumstances.

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