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Is Probate Really So Bad?

It is almost a religious axiom that people should avoid probate.  However there are sometimes benefits in probate.  For example it is sometimes beneficial to use inheritance rather than gifting items before death. Real estate should generally not be gifted...

Tax Implications of Giving Real Estate

It is generally not a good idea to gift real estate that has appreciated in value because the tax basis of a gifted property is carried over, as opposed to the tax basis being stepped up for inherited property. The cruelest part, however, is that the potential gift...