Part 2: Nobody pays estate tax anymore …but almost everyone has a “death tax” problem
by Matthew T. McClintock, JD | Vice President of Education, WealthCounsel
In Part I of this series, we looked at fiduciary income tax. The other “new death tax” we must consider when planning and administering trusts and estates is the capital gains tax. By now most estate planners have learned to appreciate the importance of capital gains tax basis planning, but a refresher may be in order.