Understanding how the basis step-up rule operates is important for navigating the complexities of estate planning and taxation, as it can significantly impact the financial outcomes of inheritances.

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Estate planning has long been about building and preserving wealth, minimizing taxes and ...

The federal estate tax affects only about 0.1% of Americans. However, the repeal of that tax could affect all of us. This article addresses what you should know as Congress considers pending estate ...