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No. Once you die and transfer the assets to your children, the cost basis gets reset.
by Matheus28 3y ago
No. Once you die and transfer the assets to your children, the cost basis gets reset.
- nickpp 3y agoBut isn’t the inheritance tax (for everything over $12 mil until 2026) even larger than the capital gains tax? And it applies to the whole value, not only the increase in value.
- steveBK123 3y agoThere are some games that can be played with various types of trusts - irrevocable trusts, irrevocable life insurance trusts, grantor retained annuity trusts and other things I believe. https://www.financialsamurai.com/how-do-millionaires-and-billionaires-avoid-estate-taxes/ https://www.financialsamurai.com/how-do-millionaires-and-bil...