|
mercer county, il | jake literally took the words out of my mouth,
step up in basis is a very valuable tool, use it. Explain it in advance to the landlord and the heirs maybe take them to an accountant or an estate or trust planning lawyer, and draw up a contract that everyone is happy with. Dealing with them while dad is still here is huge, and if they know it is what he wanted it should make a difference to them.
It amazes me how many people fail to get and appraisal for the date of death, even if you never plan on selling it, the step up in basis is a free gift for the future. | |
|
Looking for ideas on buying lanlords farm
