[greglepore]

Originally Posted by MikeSid

Transfer title upon her death. You will get a stepped up tax basis to a value at the date of death.
If the property appreciates between now and then, you will save capital gains tax on that increase in value when you ultimately liquidate it. Assuming appreciation of the property, your basis will be higher than if you take title now.
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Yes, there's that. But rates are now at an all time low, so it might well make sense to do the transfer now as the property is transferred.