Transfer On Death Beneficiary Designations May Frustrate More Important Estate Planning Objectives
TRANSFER-ON-DEATH DESIGNATIONS CAN THWART ESTATE PLANNING OBJECTIVES
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Month: February 2021
Beware Of “Quiet” Changes In The Federal Tax Law
During his presidential campaign, Joe Biden proposed repealing the step-up in basis for capital gains. Income tax law has always provided that the value of inherited assets, like a family business, is “stepped up” to its fair market value when the owner dies. So, if...
