When you die, your heirs get a stepped-up basis on inherited stock, meaning they can sell shares at the current market value with almost no capital gains tax. Hold appreciated stock until death, transfer it through a will or trust, and your heirs avoid the tax bill.
There are people watching this video that could save hundreds of thousands of dollars in taxes by doing the following. If you're getting older or you have parents that are getting older and they own stock that has appreciated a huge amount in value, let's say they bought Google stock 18 years ago when it was $3 and now it's $140. If they were to sell that stock, they would pay 20 to 30%, sometimes more in some states, in capital gains tax on the increase in value on that stock from when they purchased it If instead of selling that stock, you were to hang on to it and pass it on to your kids through a will or a trust, they could sell that stock and pay $0 in capital gains taxes. There are several other things you can do with appreciated assets to avoid paying capital gains taxes, but that's one of the easy ones. After the huge celebration you have for saving all that money, if you decide you want to work with me to create a trust, click on my picture in the Linktree and you'll see the links to work with me and to join my newsletter. I can help people in all 50 states.
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