It’s (Almost) All About That Basis

Because of the applicable exclusion amount, a married couple must have an estate of almost $11,000,000 dollars (2016) before the estate taxman comes and actually takes his share. As a consequence, the emphasis in estate planning–at least for smaller estates–is all about saving income taxes–capital gains, to be precise–on appreciated property.

I don’t have the time right now to go into this in detail, but I do have time to link to an extended paper on the subject by Edwin P. Morrow and to a shorter article in the Wall Street Journal. If you’re interested, both are worth a read. Enjoy.

And have a great weekend.

Oh, and here’s that song. Well, at least my favorite version.

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Wyoming State Bar does not certify any lawyer as a specialist or expert. Anyone considering a lawyer should independently investigate the lawyer’s credentials and ability, and not rely upon advertisements or self-proclaimed expertise. This website is an advertisement.