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Other than the fact that they ended up paying taxes on all of the gains, plus any depreciation on rental properties. If the properties had been inherited, there would have been a step up in basis. After selling expenses, there probably would have actually been capital losses.

Their real property was one primary residence, There were no tax consequences to the sale. All the financial assets came to inheritors at the stepped up cost basis from day of death so tax consequences were minimal and the ease of administration was great. Also, the point of this was to prevent any intra-familial wrangling over handling of the estate. Mom left a neatly typed list regarding the distribution of her art and family heirlooms which all concerned respected. My maternal grandmother had used masking tape to put a grandchild's name on each piece of her limited amount of furniture and knickknacks.

Stay safe,
Bob
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