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re: Consolidating estate of parents in declining health
Posted on 5/7/13 at 10:08 am to GarmischTiger
Posted on 5/7/13 at 10:08 am to GarmischTiger
Does any asset have a large capital gain? Pay attention to any strategy that may benefit the spouse or heirs due to step up in cost basis at death.
1
Posted on 5/7/13 at 10:49 am to Breadcrumbs
quote:I'm not sure - define "large".
Does any asset have a large capital gain?
MIL owns the house (~$200K) outright - she bought it 40 years ago just prior to meeting my FIL. Actually "outright" is not accurate as she's refinanced lately.
The bulk of her worth is the jewelry inventory as noted above.
This post was edited on 5/7/13 at 10:54 am
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