Be sure to update your estate planning to ensure that your heirs will get second stepped up basis upon the second death of you or your spouse. Under previous planning techniques we used A-B Trust. Since the introduction of portability this may not be necessary and may in fact cost your heirs estate income tax. #TuesdayTip
Stepped Up Basis
Posted by RLA Estate Planning Law, News and Press, Probate, Tips, Trust Administration
Tags: articlesAttorneysbasisbeneficiariesBusinesscreditorsdeathdebtsestateestate planestate planningestate taxestate tax repealFloridaGiftsIndian RiverLawLawyerslegalnet investment taxout of statepersonal representativeportabilityprobateRobin Lloyd & Associatessecond deathspouseTaxtrustTuesday TipsupdateVero BeachWealth Management
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