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To help you apply this to your situation I want to share some real-life examples of how my clients use these principles to legally avoid paying taxes on gifts and inheritances.First, let?s briefly review cost-basis. Since his estate will be over $1,500,000, his family could lose up to 50% to estate taxes. Jeffrey Voudrie [...] If the asset is passed on after the giver?s death, the recipient?s cost-basis is the market value on the date used to calculate tax on the estate. Voudrie provides personal, private money management services to clients nationwide.Nationally-syndicated financial columnist and Certified Financial Planner?
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