When choosing the direction to take in estate planning, it’s important to consider the impact of the proposed estate plan on income tax basis. Basis is often overlooked when estate planning strategies are considered. This second of a two part article by my friend and colleague Steve Hartnett, an experienced and qualified estate planning attorney, examines how common estate planning strategies impact income tax basis.
Income Tax Basis in Estate Planning – Part 2
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
Latest posts by Timothy P. Murphy (see all)
- Joint Tenancy: Watch Out for the Perils – Part 2 of 2 - December 7, 2022
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