⏫ Capital Gains Cliffhanger
Assets passed via revocable
trusts often enjoy a step‑up in basis, wiping out capital gains at the time of your passing.
Without that step-up—as in many irrevocable trusts—beneficiaries could face substantial taxes on gains accumulated since the asset’s transfer.
🔍 Why It Matters
Even in tax-friendly NC, federal limits, trust tax brackets, and capital gains exposure can erode your legacy.
By selecting the right combination of trusts,
exemptions, and timing, you could significantly reduce the tax burden on your heirs.
Understanding estate and tax planning doesn’t have to be overwhelming. With no estate or inheritance tax in North Carolina, you’re already ahead—but federal taxes, trust rules, and capital gains can still impact your legacy. Want to
ensure your plan protects your assets and loved ones? Schedule a consultation today and get personalized guidance tailored to your unique situation.
Schedule a FREE consultation today and start protecting what matters most.
📍 McIntyre Elder Law – Offices in Shelby, Charlotte & Hendersonville
📞 Call us at 1-888-999-6600
🌍 Visit www.mcelderlaw.com