4 ms·

> the inheritors divest from those investments, then they incur enormous income taxes. But isn't this sidestepped buy the "buy, borrow, die" approach, often cr

• WalterBright 2y ago
  The investments remain if they borrow against them. They just become collateral for the loan.
  • riffraff 2y ago
    But when they die the basis for the capital gain is the value at the time of death, not the original value, so you basically sidestep capital gains taxation, your children or spouse pay back the loan and get a ton more money than they would otherwise. I'm not an expert on taxation, but this is something people have been complaining about for a long time.