Back to topic, make sure you guys document your cards in your wills and include in your estates, that way your decendants would get the step up and not get hit with the appreciation.
Works for your wives too. If I pass, my wife gets to realize the appreciation tax free. I’d be sad, but hey I’m dead so what...
Caveat, each state has different estate tax exemptions and Biden is eyeing the 22m tax exemption that expires in 2025. So not exactly set and forget, you may want to keep up with changes to plan accordingly.
Last edited by joshuanip; 02-14-2021 at 01:55 PM.
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