When you inherit an appreciated asset — such as stocks, real estate, or a business interest — the cost basis of that asset is generally reset to its fair market value on the date of the original owner’s death. If you sell the asset shortly after inheriting it, you may owe little or no capital gains tax, regardless of how much the original owner paid. This is one of the most significant tax benefits available to heirs, and it’s a one-time opportunity that cannot be recreated through future planning.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
