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@Denise Taxes 54 years wrote:

My client gave her brother a life estate in her farmland she inherited from her mother in 2013.

The life estate gave brother all income and control until death 11/1/23.

My client reaquired the property subjected to a complete step up in basis as far as I understand.

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I don't really understand this Life Estate.

Your client inherited the land in 2013.

A Life Estate would generally mean that she changes the title to her brother but SHE has rights to all income and expenses until SHE dies.  Not him.  And the step up applies if SHE (the giver, with rights to the property) dies.  That is what is confusing.

Did she merely give him a gift of the land, and she inherited it from him when he died?