If you’re a senior homeowner in Halifax thinking about selling your home, you may be wondering how that decision could affect your estate and the inheritance you plan to leave behind.
For many homeowners, the family home represents the largest asset in their estate. Selling it can reshape your financial picture, influence tax planning, and even change how assets are distributed to loved ones.
In this video, we explore:
• How selling your home changes the structure of your estate
• The principal residence exemption and tax considerations in Nova Scotia
• Why updating your will and estate documents is essential after selling
• Using home equity to fund retirement living and future care needs
• Gifting strategies and family communication tips
Whether you’re downsizing, moving closer to family, or considering retirement living, understanding these connections can help you make confident and informed decisions.
⚠️ Important Reminder: This video is for general informational purposes only. Always consult with an estate planning lawyer, accountant, or financial advisor who understands your personal situation before making financial or legal decisions.
Thinking about downsizing or selling your Halifax home?
I specialize in helping seniors make smooth, stress-free transitions while protecting their financial goals and lifestyle.
Book your complimentary Downsizing Consultation today:
https://www.DownsizingStrategy.ca
Contact Roy Thomas SRES
Seniors Real Estate Specialist
Cell: 902-497-3031
Website: www.HalifaxSeniorLiving.ca
Sutton Group Professional Realty
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Roy Thomas is a dedicated and compassionate real estate professional based in Halifax, Nova Scotia, He has been licensed since 1991. His specialty is assisting seniors and their families as they navigate the often complex process of downsizing from their homes. Recognizing the emotional and logistical challenges involved in such transitions, Roy offers a personalized, hands-on approach, ensuring his clients feel supported every step of the way. His deep understanding of the local market and his commitment to integrity and clear communication have made him a trusted advisor for many Halifax families. In addition to his expertise in real estate, Roy has cultivated a network of trusted professionals, including stagers, Movers, financial and legal advisors and others to help ease the downsizing process.
Roy Thomas, SRES®, Senior’s Real Estate Specialist Cell: 902-497-3031
Sutton Group Professional Realty
Web site: http://www.HalifaxSeniorLiving.ca
