Vanilla
Jul 23, 2024

From Income Tax to IRAs: Tax Optimization Strategies for Non-Taxable Estates

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At the most foundational level, planning for non-taxable estates means ensuring clients have appropriate documents like wills, trusts, and powers of attorney in place.

This guide explores how to take planning for non-taxable estates even further, with strategies that focus on minimizing income taxes, planning for IRA-heavy estates, and leveraging capital gains strategies.

Some principles of planning for non-taxable estates covered in this guide include:

  • How to approach basis
  • Basics of capital gains
  • Income tax considerations
  • State estate taxes
  • Illustrative sample scenarios for key ideas

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