Hotma
Learn about HOTMA (Housing Opportunity Through Modernization Act) and its impact on estate planning for public housing residents and Section 8 voucher holders.
How does HOTMA affect my estate planning if I receive housing assistance?
HOTMA changed how housing authorities calculate income and assets for public housing and Section 8 programs, which can impact your estate planning decisions. The law modified asset limits and income calculations, potentially affecting how trusts and inheritances are treated for housing eligibility. If you receive housing assistance, understanding these changes helps you plan your estate while maintaining your housing benefits. Consider how any assets you plan to leave to beneficiaries might affect their future housing assistance eligibility under the updated HOTMA rules.
