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Don’t die without a will

Protecting your assets doesn’t stop after death

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This is the final article in our series based on the three layers of the financial planning pyramid.

In the first phase, “protection” you employ strategies to make sure you are prepared for emergencies and unexpected events such as a job loss or premature death. This is the foundation of your financial plan and, if executed correctly, you will be able to adjust your financial planning strategies to incorporate these minor or significant deviations from the plan. The second phase, “accumulation,” covers saving for big purchases such as a house and accumulating wealth for specific goals such as financial independence. We are now at the third and final stage, “distribution.”

It is as important to manage your accumulated wealth in step three as it is to accumulate the assets in step two. But as you move up the pyramid, your financial life and the decisions that have to be made are usually more complex. We recommend professional help from the outset both from a financial professional and an estate attorney.

The distribution phase encompasses basic estate planning to make sure your assets are distributed according to your wishes and in an orderly manner. This is important whether you have accumulated a large estate or not. It is particularly relevant in the LGBT community.

If you die without a will or a properly executed will, your estate will be distributed according to your state’s law and those state laws may very well not take your wishes into account. Your intended beneficiaries may get nothing. Also, many states will not recognize same-sex unions and planning strategies that may work for opposite-sex couples on the federal level will not be effective for same-sex couples.

Married same-sex couples can transfer assets to each other as a gift or in death tax free and many states have the same or similar estate tax exemptions. In addition, the current estate tax law allows married opposite-sex couples to transfer their unused portion of the estate tax exemption (up to $5 million each) to each other, thereby being able to pass more on to their children or other beneficiaries’ free from federal and state estate taxes.

Same-sex couples are not afforded the same protections. As a result, the value of your assets may be eroded by estate and inheritance taxes and the intended recipients may not easily get their bequests. We recommend you consult with an estate attorney to ensure your wills and accompanying documents are prepared correctly so that you can know your loved ones will be taken care of or the charities of your choice will receive their intended donations.

This is also the stage when you have to make decisions about living off your assets, preserving the assets to try to make sure they last for your lifetime and also how to effectively leave a legacy, if desired. This can be highly complex and usually involves multiple inter-dependent decisions. This may mean adjusting your asset allocation strategies and the introduction of new investment vehicles in seeking to preserve and live off the assets.

Income generating investments may also be considered at this stage as well as cash needs. This is also the time to consider protection strategies such as long-term care insurance so make sure your assets are not eroded by the cost of caring for yourself or a loved one who has a chronic medical need.

There may be a tendency to put off these decisions as they may seem far off in the future, yet planning ahead of time as part of the overall financial planning process will lay the framework for future decision making. Of course, as time goes on these goals and strategies will have to be revisited to make sure they are still relevant both personally and in terms of the ever-changing estate tax laws.

This material is for informational purposes only and is not intended to act as specific advice. Please talk to a financial professional prior to investing.  Benefit guarantees for insurance are subject to the claims paying ability of the insurer. No strategy ensures a profit or protects against loss.

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Real Estate

Pride, patriotism, and prosperity

Real estate plays role in honoring servicemembers’ legacy

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(Photo by 1photo/Bigstock)

As the calendar turns to late May and early June, several powerful movements and celebrations converge in a profound and colorful tapestry of remembrance, Pride, and progress. 

Memorial Day in the United States honors the sacrifices of military personnel who gave their lives in service. Simultaneously, WorldPride and Black Pride commemorate both the historical struggles and enduring strength of LGBTQ+ communities worldwide. 

Though these observances may seem distinct, they share powerful commonalities — solemnity, resilience, and the pursuit of equity. When viewed through the lens of real estate and community development, their intersection reveals the critical importance of space, ownership, and inclusion.

Memorial Day is more than a barbecue, a long weekend, or the unofficial start of summer. It is a solemn remembrance of those who laid down their lives for the ideals of freedom and democracy. Many of these fallen heroes came from marginalized backgrounds, including a rainbow of LGBTQ+ Americans who served valiantly, often without recognition or equal rights at home.

LGBTQ+ service members have fought in silence for decades, only gaining the right to serve openly in recent years and then having that opportunity for some individuals snatched back simply because of who they are. Memorial Day is a chance not only to honor their service but also as a reminder of the injustices they endured.

Real estate plays a role in their legacy. For decades, returning veterans used the GI Bill to buy homes and build generational wealth; however, discriminatory practices like redlining and restrictive covenants denied Black veterans the same opportunities, contributing to the racial wealth gap that persists today. Similarly, LGBTQ+ veterans and their partners often faced housing discrimination with little legal recourse. These systemic barriers underscore how access to safe and equitable housing is part of the fight for justice.

Black Pride events emerged in response to racism within the broader LGBTQ+ movement, asserting that Black queer lives matter and deserve visibility. Held in cities across the globe, Black Pride is not just a festival — it is a political and cultural declaration. It amplifies voices at the intersection of race and sexuality, advocating for people who are disproportionately impacted by housing insecurity and gentrification. 

Many urban neighborhoods that were once cultural havens for queer communities are being transformed by rising rents and redevelopment. While revitalization can bring economic opportunity, it must be done equitably, with safeguards in place to ensure that long-standing residents are not displaced. Real estate, in this context, becomes a tool for resistance and renewal.

WorldPride, a global event celebrating LGBTQ+ rights and visibility, is hosted by a different city every few years. It draws millions of participants, shines an international spotlight on LGBTQ+ issues, and highlights disparities in rights and protections worldwide. In countries where queer identities are criminalized, safe housing can be a matter of life and death. 

Even in more progressive regions, LGBTQ+ individuals often face subtle yet persistent discrimination from landlords, real estate agents, and lending institutions. In the real estate industry, advocacy groups are working to increase representation, offer training, define ethical responsibilities, and advocate for inclusive policies to ensure housing is truly accessible to all.

The convergence of WorldPride with Memorial Day and Black Pride invites deeper reflection: What kind of world are we building in memory of those who came before? How can we ensure that freedom, the very principle so many fought and died for, includes the right to live openly and securely, regardless of race, gender, or sexuality?

The real estate industry has a unique role in shaping the future. From urban planning to homeownership policy, to income-based downpayment grants, it directly influences who has access to stability and opportunity. 

Developers, policymakers, and community leaders must work together to address housing disparities. This includes funding affordable housing, protecting tenants from discrimination, and investing in communities that have been historically excluded. It also means respecting cultural legacies and ensuring that neighborhoods reflect the diversity of the people who live in them.

Memorial Day reminds us of the cost of freedom. International Pride events remind us that the fight for freedom is ongoing. As we honor the fallen, let us also honor the living – those who continue to fight for their right to exist, to love, and to call a place home. Whether waving a flag at a Pride parade, laying a wreath at a soldier’s grave, or signing a first-time homebuyer agreement, these moments are connected by the enduring belief that everyone deserves dignity, safety, and a place to belong.

Valerie M. Blake is a licensed Associate Broker in DC, MD & VA with RLAH @properties. Call or text her at (202) 246-8602, email her at DCHomeQuest.com, or follow her on Facebook at TheRealst8ofAffairs

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Real Estate

Tips for buying a house in Rehoboth Beach

And why it’s a great fit for the LGBTQ community

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Rehoboth Beach, Del. (Washington Blade photo by Daniel Truitt)

If you’ve ever dreamed of owning a charming beach house where flip-flops are considered formalwear and sunsets are your daily entertainment, Rehoboth Beach, Del., might just be your dream come true. It’s not just a beautiful coastal town—it’s also a long celebrated safe haven and vibrant hub for the LGBTQ community. Let’s dive into why Rehoboth Beach is a fabulous choice and how to make a savvy beach house purchase.

Why Rehoboth Is a Vibe (especially for the LGBTQ community)

1. A Welcoming, Inclusive Community

Rehoboth Beach has been lovingly nicknamed the “Nation’s Summer Capital,” and it’s not just because of its proximity to D.C. For decades, Rehoboth has built a reputation as a warm, inclusive, and LGBTQ-friendly destination. From gay-owned businesses to LGBTQ events and nightlife, this is a town where you can truly be yourself.

2. Packed Social Calendar

Poodle Beach, the LGBTQ beach hangout just south of the boardwalk, is always buzzing in the summer. Events like Rehoboth Beach Bear Weekend, Women’s FEST, and CAMP Rehoboth’s myriad of social and wellness events bring people together all year round. That’s right—you’ll never be bored here unless you want to be.

3. Small Town Charm Meets Big City Culture

You get art galleries, drag brunches, live theater, eclectic cuisine, and adorable boutiques—basically everything your soul craves—without the chaos and crowds of major cities. It’s quaint but never boring. Think: Key West vibes with a Delaware zip code.

Tips for Buying Your Dream Beach House 

1. Know Your Budget and Think Long Term. Beachfront and near-beach properties come at a premium. Expect to pay a bit more for proximity to the sand and ocean views. 

2. Choose Your Neighborhood Wisely. Do you want to be walking distance from the action on the boardwalk? Or do you prefer something more secluded in areas like North Shores or Henlopen Acres?

3. Rental Potential. If you’re not living there full time, your beach house could work overtime as a vacation rental. Rehoboth Beach has a healthy short-term rental market, especially in peak summer. Often times LGBTQ travelers actively seek inclusive, affirming places to stay.

4. Weather the Weather. Like all coastal areas, Rehoboth comes with a side of salt air and occasional storms. Invest in a good home inspection, especially for older homes, and be prepared for the maintenance that comes with beachfront living (yes, that includes sand everywhere).

5. Work With a Local Real Estate Agent. Look for an agent who knows Rehoboth inside and out and understands the unique needs of LGBTQ buyers. This isn’t just a house — it’s your happy place. You want someone who sees that and says, “Let’s find your sanctuary.”

Buying a beach house in Rehoboth Beach isn’t just about real estate — it’s about finding a space that reflects your lifestyle, values, and need for both community and calm. Whether it becomes your full-time home, your weekend escape, or your Airbnb side hustle, Rehoboth welcomes you with open arms (and maybe a mimosa).

Want personalized tips on navigating the Rehoboth Beach real estate market? Let’s chat! I’ll bring the listings if you bring the sunscreen. 


Justin Noble is a Realtor with The Burns & Noble Group with Sotheby’s International Realty, licensed in D.C., Maryland, and Delaware. Reach him at [email protected] or 202-234-3344.

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Real Estate

Impact of federal gov’t RIF on D.C.’s rental market

A seismic economic change for local property owners

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President Trump’s plan to cut the federal workforce presents challenges to local landlords. (Washington Blade file photo by Michael Key)

In a move that could redefine the federal government workforce and reshape the economic fabric of Washington, D.C., President Donald Trump has announced his intentions to significantly reduce federal government spending as well as the number of people the federal government employs.

Calling the federal bureaucracy “bloated” and “out of control,” Trump has repeatedly expressed his desire to cut thousands of federal jobs. While these cuts align with his long-standing push to “drain the swamp,” they come with potential and real collateral damage, especially for landlords in the D.C. area who have relied on government employees as some of their most reliable and long-term tenants.

The potential reduction of thousands of jobs in a city built around government work is not just a political shift—it’s a seismic economic change for the city government as well as for local property owners who have invested in the predictability of a near-constant demand for workers in the federal government agencies, government contractors and the economic ecosystem they sustain. 

For landlords, government workers have represented ideal tenants: strong income, long-term leases, and responsible rental histories. Now, that foundation is being shaken in a battle by the Administration against a workforce which is the backbone of the Washington area’s overall economy, and especially its rental market.

With uncertainty looming, landlords are left in a difficult position. If widespread layoffs come to fruition, rental vacancies could spike, rental prices would drop, and previously secure investment properties might become financial liabilities. The sudden shift forces landlords to consider their next moves: how to support tenants facing job losses, how to adapt to a changing market, and how to ensure their own financial stability amid the uncertainty.

For D.C. landlords, this isn’t just about policy shifts or budget cuts, it’s about economic livelihood. The challenge ahead isn’t about just reacting to change, but proactively preparing for it, ensuring they can weather the storm of political maneuvering.

Potential Consequences for D.C. Landlords

  1. 1. Increased Risk of Non-Payment of Rent
    • Job losses may lead to late or missed rent payments
    • As affected tenants struggle financially, they may ask to break their lease to live elsewhere or even move out of the region
    • Eviction lawsuits may rise, leading to a long and expensive process for landlords, all while not being able to rent their property to paying tenants.
  1. 2. Higher Vacancy Rates
  1. If many government employees leave the D.C. region in search of work elsewhere, the rental demand could decline significantly
  2. Rental properties may sit empty longer, requiring landlords to lower rents to attract new tenants and creating even more financial loss

3. More Competition from Other Landlords

  1. As many more units are vacant on the market, all competing for the same pool of potential tenants, older and smaller rentals, and those located further out from the core of the city will all struggle to find quality renters.
  2. Landlords will need to offer other ways to attract and retain tenants, such as incentives, which could quickly overwhelm the finances of smaller landlords who cannot keep up.

Proactive Strategies for Landlords

To mitigate risks and ensure future rental success, landlords should consider these defensive measures:

1. Strengthen Tenant Relationships and Communication

  • Encourage tenants to communicate if they anticipate financial hardship due to job loss.
  • Work out temporary payment plans or partial payments to prevent full non-payment or eviction.
  • Provide guidance on rental assistance programs available in D.C.

2. Offer Flexible Lease Terms

  • Consider shorter-term leases than a full 12-month term to accommodate the needs of tenants who may be uncertain about their long-term employment status.
  • Offer lease renewals at the same rent amount to keep stable tenants and avoid turnover

3. Diversify Tenant Base

  • If a large portion of tenants are government workers, a landlord may want to market to a broader audience or professionals in private industries.
  • Advertise on platforms that cater to diverse tenant pools, including students and international workers.

4. Adjust Screening Criteria Thoughtfully

  • While it’s important to ensure financial stability, consider creditworthiness, assets, and rental history rather than just employment status.
  • Consider alternative income sources, like family members assisting, part-time work or freelance gigs.

5. Protect Cash Flow with Rent Guarantee Options

  • Explore rental insurance policies or rent guarantee services to cover losses in case of non-payment.
  • Consider co-signers or guarantors on leases for new tenants in vulnerable industries, just in case.

6. Adjust Rental Pricing to Stay Competitive

  • Monitor the D.C. rental market and adjust pricing accordingly to attract new tenants.
  • Consider offering move-in incentives as a way to stand out.  Be creative!  Sometimes things you can offer are different and may catch someone’s eye

Long-Term Planning for Rental Success

  • Build reserves to cover expenses during potential vacancies or rent shortfalls.
  • Invest in property upgrades to make rentals more attractive to a broader audience, such as young professionals or remote workers.
  • Consider diversifying property holdings to include areas that are less reliant on government employment.

By taking proactive steps, landlords can safeguard their investments while supporting tenants through economic uncertainty, ultimately leading to a more stable and resilient rental business.


Scott Bloom is owner and senior property manager at Columbia Property Management. For more information, visit ColumbiaPM.com.

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