Vanilla Academy Live 2024: Estate Planning for Income Taxes

Speakers

Jeff Levine

Lead Financial Planner, Kitces.com

 

Speakers

Jeff Levine

Lead Financial Planner, Kitces.com

Oct 30, 2024
1 hour

Given recent changes in the law, “tax planning” for one’s estate at death has become a lot less about estate tax planning, and far more about the income tax planning opportunities at death… particularly with respect to maximizing available step-up in basis opportunities.

In this session, explore topics including how pre-death asset transfers can help maximize step-up in basis, how other types of pre-death transfers can help avoid the potential for a step-down in basis, complications associated with these strategies for clients living in community property states, and the disadvantages of traditional credit shelter trusts that emerge in an estate planning environment driven by income (rather than estate) tax planning.

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