Executor

Highly Appreciated Assets: Should You Keep it, Sell it, or Die with it?

By |2019-01-16T09:51:09-05:00January 9th, 2019|Accounting, Agriculture, Estate Planning, Executor, IRS, Preparation, Tax, Tax Reform, Value|

Keep it, sell it, or die with it may seem like strange choices, but with highly appreciated assets, those may be the very choices that need to be considered.  Examples of highly appreciated assets include real estate and stock investments which have gone up significantly in value.   Let’s look at an example.  To Sell Or [...]

Reasons to Have a Will

By |2017-07-10T09:35:16-05:00May 18th, 2017|Change, Estate Planning, Executor, Gifts, Long-Term Care, Trust|

Vicki Beckey, CPA, CFF, CSEP and head of TD&T’s estate department, provides some thoughts on understanding estate and gift tax issues Most people have probably heard advice from someone that they should have a will.  When pressed for reasons why, those giving the advice may have trouble coming up with something more than, “for tax [...]

Estate Basis Reporting – Getting it Wrong Can Increase Your Taxes

By |2017-04-24T09:26:53-05:00March 1st, 2017|Advisory, Estate Planning, Executor, Gifts, Tax, Tax Services|

Vicki Beckey, CPA, CFF, CSEP and head of TD&T’s estate department, provides some thoughts on understanding estate and gift taxes. The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 requires consistent basis reporting between a decedent’s estate and the beneficiary who inherits property from a decedent. The IRS defines basis as [...]