- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Best Way to Transfer Real Estate to Heirs
Posted on 8/17/23 at 3:34 pm to BillyGibbons
Posted on 8/17/23 at 3:34 pm to BillyGibbons
If your concern is to minimize the tax burden, if she would pass away and the property gets inherited, the heirs or legatees get a stepped up tax basis based on the value at the time of the death which will save them capital gains taxes if the heirs sell the property. Donated property does not get that benefit. From that standpoint it is better to let the property get inherited.
Posted on 8/18/23 at 3:04 pm to geauxpurple
Question about a step up in basis - does an appraisal have to get done at the time of her passing / inheritance? Or is the onus on the new owner at some unspecified time in the future to go back and prove what the property was worth when inherited?
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)