It is not breaking news to the elderly and senior citizens in Huntsville, Decatur, and the rest of North Alabama, that Alabama can be a great place to retire. But a new San Francisco Chronicle article rates Alabama as the 5th least taxed state for retirees!

According to the article, Social Security benefits, military benefits, and public and private defined-benefit pensions are all excluded from state income tax. On top of that, “Alabama has some of the lowest property taxes in the U.S, but further…homeowners 65 and older are exempt from state property taxes.” As another benefit to the Alabama retirees and elderly, prescription drugs are not taxed at all.

Since the 1950’s, the Huntsville-Madison area has been growing rapidly. One of the fastest growing groups in this area are senior citizens, retirees, and military retirees. The estate planning and elder law firm of Martinson & Beason, P.C. focuses on working with our clients to prepare them for retirement, assist them with their estate plan, and discussing other end-of-life issues.

Martinson & Beason, P.C. has been helping our clients with all of their estate planning and elder law needs for almost 75 years. If you or a loved one needs to consult an attorney regarding your estate plan, retirement benefits, Alabama VA benefits or a guardianship or conservatorship, feel free to contact the law firm of Martinson & Beason, P.C.