The best analogy that we can give you for this is to think of your doctor. When you have a need you go to the doctor. The doctor listens to you and brings in the appropriate specialist to deal with the concern. Whether that is a cardiologist, a respiratory therapist, or a neurologist. The point is the doctor uses a team to provide you with the care you need. The specialists must communicate with each other to provide your complete care.

Think of your downsizing in the same way. You need to prepare a plan that requires various experts. Each of these working independently will know their own part well. But without communicating with each other they will not be able to give you the full picture.

Get your downsizing team to work together. Make sure that they communicate with each other well. At the very least you need the following people in your team

• A Financial Planner working along with your Realtor will guide you to find the right house. One that makes sense for you. Not how much you can qualify for.
• A good Realtor can help you with many aspects of buying or selling a home. For example a home inspector, a stager, a handyman, a local downsizer, and many more.
• Your Accountant can give you an understanding of the tax ramifications of your plan.
• An Estate Planner can guide you in the matters of your estate and how to set up beneficiaries.
• A Lawyer can help you plan your will and what happens to you and your estate after you pass on.

If your team works together, you’ll save money and make fewer mistakes and you’ll end up with better results.