How the Step-Up in Basis Saves Your Heirs Millions

We break down the step-up in basis rule and why it matters more than ever for families holding appreciated assets. Using a specific case of a family who inherited a rental property with significant unrealized gains, we show how the tax code resets the cost basis to fair market value at death. This simple mechanism can erase hundreds of thousands in capital gains taxes that would otherwise be due upon sale. We also look at the limitations, including when the rule doesn't apply, like with retirement accounts. If you are thinking about estate planning or wondering what happens to your investment portfolio after you are gone, this episode gives you the concrete numbers and logic you need to understand the true cost of holding onto assets. #StepUpInBasis #EstatePlanning #CapitalGainsTax #InheritedAssets #RealEstateInvesting #WealthTransfer #TaxStrategy #FexingoBusiness #BusinessPodcast #PersonalFinance #InvestmentAdvice #TaxSavings #HeirsAndBeneficiaries #CostBasis #UnrealizedGains #FinancialLiteracy #SmartMoney #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo