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:

Chronic Pain

Persistent or recurring pain lasting longer than 3 to 6 months, often resistant to medical treatments and significantly impacting individuals' quality of life.

Middle-Class

A social group that falls between the working class and the upper class, typically associated with moderate income levels, stable employment, and access to education.

US Physicians

Medical doctors licensed to practice medicine in the United States, encompassing various specialties and areas of medicine.

Chronic Pain

Persistent pain that lasts weeks to years, beyond the typical recovery period, often requiring complex management strategies.