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Money and Finances
Reply to "Husband is dying - no life insurance or savings, I’m a SAHM"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Seek legal advice but I say stay married as you will qualify for more spousal benefits however small like social security [b]and also for tax purposes you can file as married for 3 years after spouse death [/b]and also take larger exclusion for capital gains on sale of house. I’m a widow.[/quote] Whoa! Is this true? My DH is in poor health and i have been thinking of financial planning in terms of having to file as single the year following his death. If this is true, it definitely would affect my plans.[/quote] Would it help to file as married? Head of Household might be better??[/quote] When he dies op can figure out what filing status is best. The year he died will be married filing jointly. After that it will probably be qualifying surviving spouse for a few years, then head of household until remarried or kids are grown [/quote]
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