If you intend to pass along appreciated assets after you pass away, you may wonder about the capital gains tax. Will the inheritors be forced to pay this tax on the inherited appreciated assets. The assets would get a step-up in basis. This means that the value of the assets for capital gains purposes would be equal to their value when you pass away. Learn more about what is a step-Up in basis in this presentation.
John Potter is an Estate Planning and Elder Law attorney in the Charlotte, North Carolina, area with offices in Ballantyne and Huntersville. John has been designated as a Certified Elder Law Attorney (CELA) by the National Elder Law Foundation and a Board Certified Specialist in Elder Law by the North Carolina State Bar Read More!
Latest posts by John Potter (see all)
- Q & A Session With an Elder Law Attorney - August 13, 2024
- Everything You Need to Know about a Living Trust - August 13, 2024
- Estate Planning Lawyers Set Out Four Strategies for Asset Protection - July 13, 2024
