Income Tax Basis in Estate Planning: Maximizing Advanced Techniques to Avoid Income Tax on Inherited Assets

Implementing Double Basis and Estate Trust Strategies; Overcoming Basis Issues With Gifting and the GST

Recording of a 90-minute CLE/CPE webinar with Q&A

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Conducted on Tuesday, April 21, 2015

Recorded event now available

or call 1-800-926-7926
Course Materials

This CLE/CPE course will provide estate planners and tax professionals with best practices for minimizing income taxes on inherited assets by leveraging the opportunities available to spouses.


The increase in the estate tax applicable exclusion amount and the enactment of portability have provided additional challenges and opportunities for estate planners and tax professionals. The principle focus of many practitioners has shifted from estate tax planning to minimizing future income tax on the disposition of inherited assets.

It is particularly beneficial for married clients to focus on obtaining the benefit of basis “step-up” while also taking full advantage of portability and the marital deduction. This can be accomplished through the use of techniques including “spray trusts,” IRC Section 2523 marital gift trusts, testamentary QTIP trusts and other trusts. Such techniques are not without risk; professionals need to be aware of the possible drawbacks prior to embarking on these kinds of plans.

Listen as our panel of experienced professionals details best practices for preserving basis portability and other techniques for minimizing income taxes on inherited assets.



    I. Portability of estate tax exemption and focus in income tax reduction

   II.  Income-shifting strategies

  III. “Spray” or “Sprinkle” trusts

  IV. “A-B” Trusts, QTIPs, GPA Trusts

   V. Other basis preservation trusts

  VI. Potential benefits of family limited partnerships

      A. Valuation discount

      B. But with risk of basis reduction

 VII. IRC Section 2038-compliant trusts

VIII. GST issues


The panel will explore these and other basis maximizing tools:

  • Income-shifting strategies and “spray” trusts
  • Family limited partnerships and valuation discounts—impact on basis
  • Various trust vehicles for basis preservation
  • Use of charitable bequests and inter vivos contributions
  • Other spousal gifts


Glenn J. Christofides, Esq.
Glenn J. Christofides, Esq.

Bressler Amery & Ross

Mr. Christofides counsels individuals with respect to sophisticated techniques to facilitate tax efficient...  |  Read More

Laurelle M. Gutierrez
Laurelle M. Gutierrez

McDermott Will & Emery

Ms. Gutierrez has a diverse practice representing high net worth individuals and their families with respect to...  |  Read More

L. Timothy Halleron
L. Timothy Halleron

McDermott Will & Emery

Mr. Halleron focuses his practice on tax and estate planning matters. He advises clients with respect to...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

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