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WSJ Quotes Beth Kaufman on Planning for Higher Tax Rates on Top Earners

September 6, 2013, The Wall Street Journal

The Wall Street Journal spoke with Beth Shapiro Kaufman concerning tax changes that will affect high-income earners and how to ease the tax burden through the use of sophisticated estate planning tools. The changes include higher tax brackets and capital-gains rates, a Medicare surtax on investment income and new limits on deductions. For the full article, please visit WSJ's website.

Excerpt taken from the article.

Another issue to consider: If the appreciated assets are inherited through an estate, the cost basis steps up to the value on the day of death. Given that $5.25 million is excluded from an estate's taxes, "it may make sense to wait," says Beth Kaufman, an estate lawyer at Caplin & Drysdale in Washington.


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