Under the current law (even more, if “tax reform” comes to pass and “step-up” in basis disappears), the management of tax basis is the most important issue in planning for high net worth clients, during lifetime and at death. This presentation will discuss the top tax basis management techniques to consider today and in the future.
Maximizing and multiplying the 'step-up' in basis at death
Creating, stripping, and shifting basis
Using grantor trusts and disregarded entities in tax basis management.
J.D., LL.M. (Taxation),
Global Fiduciary Strategist,
Northern Trust Company