June and Henry Martin, a married couple, purchased property jointly for $200,000 ten years before Henry's death. At the time of Henry's death, the property was worth $360,000. What is June's basis in the property after Henry's death? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER!

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Reasons for Estate Planning

Planning is a process that helps decide in advance about future activities and operations. Planning helps to draft the procedures by identifying, analyzing, and designing how to work, when to work, by whom should be done, and what has to be done. It is the primary step followed by a person, business organizations, institutions, companies, etc.