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?

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Definitions:

Powerlessness

A state of feeling unable to control, influence, or affect outcomes; often associated with feelings of helplessness.

Iron Law

A principle stating that oligarchy is inevitable as an organizational size increases, due to the necessity of leadership hierarchy.

Power Imbalances

Situations where one party has more control or influence over another, potentially leading to unfair practices or unequal treatment.

Forces

Factors or influences that cause change in behavioral or situational dynamics within individual, group, or organizational levels.