Avoiding Capital Gains Taxes

With new higher exemption amounts, the planning focus has now shifted to minimizing capital gains taxes.  Please let us review your asset structure to determine how to take maximum advantage of the “step-up” in cost basis assets received at death.  Joint ownership or placing assets in the name of the spouse who may be more likely to die first can maximize the step-up.  Your estate planning documents need to coordinate with assets now more than ever for this reason.

If you have any questions regarding avoiding capital gains taxes, please contact Doris L. Martin, or visit our website.