By Matthew T. McClintock, J.D.
Vice President, Education, WealthCounsel
In his 2015 State of the Union Address, President Barack Obama proposed a major change to the tax treatment of inherited assets that could impact many estate plans.
Under the president’s plan, the step-up basis rule for capital gains—pejoratively referred to as the “trust fund loophole”—would end. Currently, capital gains taxes owed on assets held at death essentially disappear.
To read more please click here….
Latest posts by Wes Gersh (see all)
- Let Our Louisville Trust Attorney Help Create Your Trust - September 13, 2017
- Executor of a Will: What to Expect - September 7, 2017
- Child Suffering from Apert Syndrome Receives Life-Changing Treatment - September 7, 2017