A Step-Up In Basis to Reduce Capital Gains
The step-up in basis reduces the capital gains tax on inherited assets. It is an effective way to preserve an inheritance and save money.
Estate Planning Taxes
Are My Estate Planning Legal Fees Tax Deductible?
Prior to 2018, you may have been able to deduct legal fees associated with estate planning. However, that all changed with the Tax Cuts and Jobs Act passed that year by Congress.