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When a loved one passes, you may find yourself the inheritor of their property. Whether you intend to keep the home or sell it, the process of handling someone else’s real estate can feel like a huge responsibility, especially on top of the other emotions you’re processing.
Jason Heath, managing director and Certified Financial Planner (CFP) at Objective Financial Partners Inc., says more people are opting to keep their inherited home due to climbing real estate prices. Often their biggest question about inheritance centres around what to do with the property once it’s in their possession.
“I find a lot of times people inherit a home and [some] of the considerations [are] ‘Do I keep it? Do I rent it out? Do I…
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