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Deductions & credits
Probate is not a hassle or expensive in all states. Depending on what state you are in, there might be no reason to try to bypass it.
On the other hand, if your mother gifts her share of the house to you subject to a life estate, that can preserve the step-up in basis.
As others have said, consult a local estate planning lawyer.
‎September 23, 2021
1:38 PM