The carry-over basis analysis under the 2010 tax law has created a shift in how executors are valuing their assets. While individualized taxation analysis is still needed, there is a noticeable incentive to value assets higher under the 2010 tax law in order to shield a higher amount of taxable income.
See Jay A. Soled, "Asset Valuations, Tax Basis, and New Estate Planning Considerations," insurancenewnet.com (October 25, 2011).
Posted by Shahzeb Gaziani, Senior Associate Editor, Wealth Strategies Journal.
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