Question

Should I sell my primary residence soon after my spouse passes away?

Answer

Deciding when to sell your home is a tax-sensitive decision. Married couples filing jointly may exclude up to $500,000 in capital gains from a primary home sale, while single filers may exclude up to $250,000. Selling while you still qualify for the higher exclusion could lead to tax savings. A wealth advisor can help you weigh the financial and emotional dimensions of this decision and identify the timing that is best for you.

About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

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