Chloe Parker has accumulated substantial wealth and plans to gift some of her wealth to her son, Jack. She is considering two assets: a beach house, which cost $300,000 twenty years ago and now has a fair market value of $750,000; and shares in three mutual funds, which cost her $550,000 several years ago and now have a fair market value of $750,000. Prepare a memo advising Chloe which property to give to Jack. In your memo, consider two scenarios: one where Jack sells the property and one where he does not.