4 considerations for an inherited home

Inheriting a property from a loved one can bring with it a lot of complicated emotions and decisions.

Do you keep it in the family or sell it? If you choose the latter, there are a number of factors to consider before moving forward.

If the property is in probate, there will be a legal proceeding to determine how assets of the estate are handled – and that could take a while. If not, you may be able to move forward with listing the home.

Beyond that, you should also take into account:

• Potential taxes: When you sell a property, you’ll typically owe capital gains taxes unless you’re immediatel...