23 Aug Gift of Appreciated Assets to Elderly Parent Could Save You Taxes – Gain Without Pain?
Posted at 09:45h
in Beneficiary, Estate Planning, Guardianship, Inheritance, Michael Cohen Dallas Elder Lawyer, Taxes
Avoiding capital gains tax is often considered in estate planning. Now some are considering “upstream planning” when a child has highly appreciated assets and his or her elderly parent does not have a taxable estate (for estate tax purposes). Generally, if you own an asset (i.e.,...