Latest / TaylorMade Retirement with Taylor Demars, CFP®
Selling an Inherited Home: The Tax Fear That Stops Families
When a parent passes away, emotions and finances tend to collide, especially when real estate is involved. One of the most common things that stalls families is fear of taxes, even when that fear isn’t fully understood. Today’s listener question is about an inherited home and hesitant siblings.
Here’s what we discuss in today’s show:
🏡 How the step-up in basis works for inherited homes
💸 Why most families overestimate the tax hit
📊 What gains are actually taxable after inheritance
👨👩👧👦 Common sibling and estate planning pitfalls
⚖️ When emotions- not taxes- cause the biggest problems…
The skinny
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