MarketWatch writes article about 5 ways to protect your estate from capital gains taxes:
By John O. McManus
Published: Dec 25, 2015 6:04 a.m. ET
Traditional estate planning is being turned on its head
By
JohnO. McManus
This article is reprinted by permission from NextAvenue.org.
The time-honored approach to estate planning is being turned on its
head by significant tax law changes that have taken effect in recent
years.
Long-term capital gains tax rates now range from 25% to 33% (when you
add together the top federal, state and local rates and Obamacare’s
Medicare surtax). So now that the federal estate tax exemption is $5.43
million ($10.86 million for a couple’s combined exemptions), many
Americans may no longer be exposed to federal estate taxes, making
taxes on income and capital gains more prominent.
In fact, some legal practitioners who spent the first half of their
careers zealously transferring assets out of their clients’ estates to
avoid estate taxes now expect to spend the second half pushing assets
back into their clients’ estates because the estate planning paradigm
has changed.
MarketWatch Article Source Here.