Wolters Kluwers' Basis Planning Opportunities in Estate Planning

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August 29, 2023

12:00 PM ET

Special BKR Fee: $86.25

Instructor: Jennifer Kowal

CPE Credits: 2

The higher estate tax exemption means many family fortunes will no longer be subject to estate taxes. TCJA raised the total amount that may be transferred without being subject to the estate and gift tax to $11.58 million for individuals and $23.16 million for couples in 2020 (indexed for inflation in future years). This means that tax planning for family wealth now focuses on how to include highly appreciated assets in estate plans, to avoid or mitigate capital gains taxes when those assets are sold.

This course covers techniques for basis planning for family wealth, including spousal transfers and marital trusts, swap powers, powers of appointment, and a discussion of which assets are most conducive to basis planning.

Topics Covered

*Estate and Gift Tax Exemption Levels
*Special Rules re: basis of property received by gift or bequest
*Rules re: allocation of basis when not all the property is transferred
*Techniques for maximizing basis step up upon death

View complete details and register here.