pamdory
Level 8
04-07-2023
09:59 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I live in a state with a $1M threshold for estate tax but no gift tax. The child would rather pay capital gains rates than estate tax. And they would have the option of selling when they want to.
There are good reasons to make lifetime gifts as well as leaving assets to be inherited with a step-up. It depends on the situation, as always.