Article on how trusts affect estate taxes and basis step-up. Explanation of the trade-offs between estate tax and capital gains taxes.

Tax issues with inheriting property

Most people never pay estate taxes because of the exemptions that apply to the tax, and the estate tax exemptions for 2015 and 2016 may save taxpayers millions of dollars. that would otherwise go to the IRS. How much is the estate tax exemption for 2015 and 2016?