Hello. A divorced man died intestate this year (2012). His adult children, his only heirs, want to sell his home. It seems easier for the estate (personal rep.) to sell it (then distribute the net proceeds) instead of them inheriting and selling it. Is that an option? What are the pros and cons of either approach? Does the estate get the stepped-up tax basis like the heirs would to avoid a capital gains tax? Thank you for any input.
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