If you manage an irrevocable trust or are considering creating one, recent Internal Revenue Service (IRS) changes may directly affect your estate planning. A new regulation modifies how the step-up in ...

The Internal Revenue Service (IRS) has introduced a significant change affecting irrevocable trusts, altering how the step-up in basis applies to assets within these trusts. This adjustment could have ...

Q: My daughter’s name was added to the title to her mother’s home so that she could inherit the house tax free. Her mom has now died and my daughter is selling the home. What are the tax consequences?

Q: My wife and I own two real estate properties. One of the experts I refer to in the real estate field is Ilyce Glink, who ...

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun ...

With the passage of OBBBA and the codification of the historically high estate, gift, and generation-tax exemption amounts, ...

Dear Liz: I own a house with my longtime boyfriend. If one of us dies, how does the capital gains step-up affect the other? Answer: The deceased partner’s share of the home will get a new basis for ...