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Helping People Age with Dignity

October 2016 Archives

Income taxes becoming a bigger area of focus in estate planning

Some might think that estate taxes are the only tax issue where estate planning and taxes really intersect. However, there are other types of tax issues estate planning can be directed towards. This includes income tax issues, like issues regarding the capital gains tax and stepped-up basis. These issues can impact how much in the way of income tax liability a given gift could expose a person’s beneficiaries to.