Understanding the Step-Up in Basis With a Living Trust
Written by Jocelyn Waters Published December 2025 When people create a living trust, they often do it to avoid probate, keep things private, and make life easier for their loved ones. What many don’t realize is that a living trust can also play an important role in reducing capital gains taxes through something called a step-up in basis . This concept can have a huge financial impact on heirs, especially when real estate or long-held investments are involved. What Is “Basis,
How to Reduce Taxes for Your Heirs: Smart Estate Planning Strategies Every Family Should Know
Most people want to leave something behind for the people they love. But without the right planning, a large portion of your estate can disappear to taxes—leaving your heirs with far less than you intended. The good news? With thoughtful preparation, you can significantly reduce (or even eliminate) the tax burden on your beneficiaries. Whether your estate is modest or substantial, understanding these strategies can make a meaningful difference for your family’s future. Below
How to Keep the Family Home in the Family for Generations
The family home often holds more than financial value—it’s a place full of memories, traditions, and legacy. Many families dream of passing it down from one generation to the next. But without proper planning, the family home can easily be lost due to probate, divorce, creditors, or mismanagement. The good news? With careful estate planning, it’s possible to keep your family home in the family for generations . Here’s how. 1. Create a Living Trust A living trust is one of th