News & Resources

Pitfalls and Opportunities Under the New Federal Tax Law - Part 2

Income Tax Opportunities

Dennis Delaney and Kevin Ellis


Regardless of your net worth, the temporary increase in the federal tax exemption has made possible certain strategies that could significantly reduce capital gains tax and allow for rebalancing portfolios on a tax-free basis. Strategies may involve transfers between spouses or in some cases "upstream" gifts from a child to a parent. Additionally, families with existing irrevocable trusts may be able to tap those to multiply the tax savings by establishing a program of distributions to beneficiaries or in some cases making a tax-free exchange of low cost trust assets for other assets with similar value but that have little or no built-in gains.

To continue reading Part 2: Income Tax Opportunities, please click here:

New Tax Planning Strategies Part 2

To continue reading Part 1: Pitfalls, please click here:

Pitfalls and Opportunities Under the New Federal Tax Law

To continue reading Part 3: Estate Planning Opportunities, please click here:


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