Tips and Tricks for Taming Basis

October 16, 2019 at 11:30am1:30pm
Pasadena Estate & Succession Planning Affinity Group
Annandale Country Club

One North San Rafael Ave.
Pasadena, CA, 91105

Partner Daniel C. Lorenzen will speak on the topic of "Tips and Tricks for Avoiding Basis." The basic rules of carry over basis and the step-up at death remain unchanged – but everything else has shifted. How do you respond to the relatively high estate tax exemptions and your client’s increased focus on income tax planning? What is going on with the new basis consistency regime? Dan will discuss practical and proactive strategies you can use today to create more efficient and flexible plans for future generations to minimize their total burden across both income and transfer taxes. He will also discuss steps that can be taken with existing irrevocable trusts to activate them for efficient basis planning?