Monday, January 7, 2019

Upstream Planning

Upstream Planning

While upstream planning may be unconventional, it is a unique approach that can take advantage of elderly relatives or friend’s exemption amounts.  This approach involves shifting a value, usually a highly appreciated asset, to an individual whose estate can afford to absorb the asset without having to pay estate tax.  When that individual dies with the asset as part of their estate, the beneficiary of the asset can receive it in return with a step up in basis. 

To learn more about upstream planning, contact the experienced attorneys of Morris Law Group to discuss your options.   

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