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Sophisticated Tax Planning for Your Wealthy Clients 2019

SOP1907 - Different Ways to Bump Up Your Cost Basis

Nov 18, 2019 4:20pm ‐ Nov 18, 2019 5:35pm

Standard: $49.00


This session will review the background of the increased estate tax exemption and how Section 1014 of the Internal Revenue Code allows a step-up in basis at death. The session will then discuss the following four ways to increase the cost basis: (1) 'upstream' planning, (2) flexible trust drafting, (3) using general powers of appointment and (4) the Delaware tax trap.

Learning Objectives:

  1. To understand that the income tax is now more important than the estate tax for most people due to the increase estate tax exemption.
  2. To discover the numerous ways that a client can obtain an increase in the cost basis at death and eliminate the capital gain tax.


  • Jeremiah W. Doyle, IV, Esq., BS (Accounting), JD, LL.M. (Taxation), LL.M. (Banking Law), SVP/Family Wealth Strategist, BNY Mellon Wealth Management

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