Gift-Giving Makes Good Tax Sense, Except When It Doesn't - Palisades Hudson Financial Group
Balancing the benefits of lifetime gifts and bequests that receive a step-up in basis is a complicated exercise.
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Balancing the benefits of lifetime gifts and bequests that receive a step-up in basis is a complicated exercise.
Go After Real Estate? During the 2020 presidential campaign, there was one segment of the “rich” for which then-candidate Biden seemed to have reserved some of his harshest criticism – wealthy real estate investors. Moreover, the Democratic Party’s platform included several proposed changes to the Code[i] the impact of which would probably be felt most keenly by such investors.[ii] Query the origin of this posture. Was it grounded – pun intended – in the Party’s association, rightly or wrongly, of the real estate industry with Mr. Trump?[iii] But how can this be reconciled with ...