If you inherit assets you plan to sell, there’s good news. The step-up basis at death resets the cost basis for the inherited ...

I noticed this tweet from a wealth adviser: “The greatest perpetuator of U.S. wealth inequality is the stepped-up basis rule. Basically, when you die, all the capital gains on your assets (home, ...

Therefore, with careful planning, you can prevent the emotional and even family-destroying fights that can happen with some ...

Dear Liz: I own a house with my longtime boyfriend. If one of us dies, how does the capital gains step-up affect the other? Answer: The deceased partner’s share of the home will get a new basis for ...

For families locked into highly appreciated stock that could bring a big tax hit from the capital gains on any sale of the holdings, a so-called upstream gift could offer a solution. But the potential ...

Dear Liz: I own several properties. I have a living trust that names my two minor children as beneficiaries. I’ve told my attorney that I want to transfer the properties to my children using the ...

He is also faced with decisions that will affect his financial future: Ryan’s mother left him a portfolio of mutual fund ...