In estate planning and lifetime gifting, minimizing tax liability is a common goal. To accomplish this goal, it is critical to understand basis and the taxation of capital gains. In this course, Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), will address the differences in how capital gains are treated at death and at gift, as well as strategies to reduce or defer capital gains taxes on gifted assets not only during the donor’s lifetime but also at their death and the death of their descendants. 

The webinar will also cover planning techniques for married couples that may allow for the basis of both spouses’ appreciated trust assets to be stepped up at the death of the first spouse to die, minimizing capital gains tax. In addition, this presentation will address how federal estate and gift tax exclusions, portability of the federal estate tax exemption, and state estate taxes must be considered in conjunction with capital gains taxes when determining whether lifetime gifts or inheritance best minimize tax liability.