When you are still in possession of assets that have appreciated, you do not have to pay the capital gains tax.
Learn more about Step-Up In Basis in this presentation.
Paul A. Kraft, Estate Planning Attorney
Paul Kraft is Co-Founder and the senior Principal of Frank & Kraft, one of the leading law firms in Indiana in the area of estate planning as well as business and tax planning.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
Latest posts by Paul A. Kraft, Estate Planning Attorney (see all)
- Will Medicaid Pay for In-Home Care? - May 15, 2019
- What Is Elder Law? - May 8, 2019
- What Is Considered a Countable Asset for Medicaid - May 1, 2019
