re: Best Way to Transfer Real Estate to Heirs

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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?

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When you file the list of assets as part of succession, you will need a FMV at date of death, so might as well get the appraisal done then.