As a general tax planning rule,an individual should sell assets that have declined in value prior to death and keep appreciated property to transfer to his heirs at his death.

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This is generally recommended because when an individual sells assets that have declined in value, they can use the loss to offset any capital gains they may have incurred during the year, thereby reducing their taxable income. However, if an individual holds onto appreciated property until their death, their heirs will receive a step-up in basis to the fair market value at the time of the individual's death, which can reduce or eliminate any potential capital gains tax liability.

As a General Tax Planning Rule,an Individual Should Sell Assets