Why Is It Generally Undesirable to Pass Property by Death

question 73

Essay

Why is it generally undesirable to pass property by death when its fair market value is less than basis?

---

Definitions:

Pricing

The process of determining what a company will receive in exchange for its products or services.

Profitability

The state or condition of yielding financial gain or profit.

Forward Buying

The practice of purchasing larger quantities of goods than immediately needed, usually to take advantage of discounted prices or to ensure supply.

Peak Period

Times when demand for goods or services is at its highest, often requiring additional resources or strategies to meet customer needs.