When comparing lifetime transfers to testamentary transfers, which of the following would be preferable as a testamentary transfer?

Question

Quizplus · Accepted Answer

When property has increased in value, it is generally preferable to transfer it upon death (testamentary transfer) because the property receives a step-up in basis to its fair market value at the time of the transferor's death, potentially reducing capital gains tax for the recipient.

When Comparing Lifetime Transfers to Testamentary Transfers, Which of the Following