Navigating New Terrain: IRS Ruling 2023-2 and Your Estate Plan

tysllpTax Accounting

Your Estate Plan

New York to California – For years, families have turned to irrevocable trusts as a cornerstone of their estate planning, aiming to protect assets and ensure a smooth transfer to beneficiaries. A key concern in this process has always been the tax implications, particularly regarding capital gains. Historically, the “step-up in basis” has been a valuable benefit, potentially eliminating capital … Read More