Passing on Property: Keep It or Gift It During Your Lifetime

https://familywealthmatters.brightsora.com/posts/passing-on-property-keep-it-or-gift-it-during-your-lifetime

When deciding whether to pass on property now or later, consider your financial stability and family dynamics. Gifting during your lifetime might reduce future estate taxes but could trigger gift taxes or affect your own need for the property. Keeping it until death can offer step-up in basis for heirs, lowering their capital gains taxes. Weigh the emotional and practical impacts—maybe a gradual transfer works best for your unique situation.