Home > Insights > TCLE > Library > Leveraging to Attain Basis Step-Up; Income Tax Benefits of Losing an FLP Case

Leveraging to Attain Basis Step-Up; Income Tax Benefits of Losing an FLP Case

Webinar

In this webinar the presenter will discuss that one can use debt to allow property to obtain a basis step-up at death without incurring estate tax; that one may monetize marketable securities and diversity without income tax; and, the effect of losing a family limited partnership estate tax case on the basis of the partnership’s assets.

Attendees will learn:

  • how to strip 100% of the debt from property without violating lenders’ guidelines on loan-to-value ratios;
  • transactions designed to obtain a basis step-up at the grantor’s death for property that currently is in an irrevocable trust;
  • how to monetize securities and diversify without selling them for tax purposes; and,
  • actions to consider when a beneficiary receives an asset constituting income in respect of a decedent.

CLE
The live presentation of this program was approved for 1.0 hour general CLE credit in California and Illinois and 1.2 hours of general CLE credit in Missouri. The recording of this program is eligible for 1.0 hour of general CLE credit in Illinois. To receive credit after watching the recording, please complete and submit the verification form.

Presenter:
Steve Gorin

Steve's 2nd Quarter 2017 newsletter is available here. 

Originally Presented:
July 11, 2017