How to Minimize Inheritance, Estate & Capital Gains Taxes

Estate planning attorney Andrew Bethel discusses how to maximize your estate by minimizing three potential tax hits that dramatically lower how much you pass onto the next generation: inheritance taxes, estate taxes (death taxes), capital gains taxes, and gift taxes.

*Disclaimer*
Viewing this video does not create the expectation of an Attorney-client relationship. The information from this video is for general information purposes only. Nothing should be taken as legal advice for any individual case or situation.

[mfrenchdds]

Very informative - thanks - and love the painting “scream” in the background

[Slava]

Hello, I transfered my house to my 2 kids, now I know it was a big had no idea, about all that taxes...now I feel sorry for my can it be change? can they add me back to the title? It should be some way to correct it or no ??? Or there is no way to do anything?🤔

[loyalfilm]

Do you have a video, as you mentioned needed to be done, describing what happens once you cross the $12M threshold (for a sub trust)?

[Parlay_J]

Great content! Just subscribed! Quick question, I was gifted my parents house earlier this year. I'm totally screwed right on the capital gains? My accountant told me I should be okay cause I'm not making over a certain amount of money (multi millions) anyways. What is your thoughts?

[peterwright]

Does a non-retirement brokerage account held as community property with a spouse in CA a) avoid probate, and b) get a step up in basis on the entire account value at the time of death of the first spouse?

[donnaberube]

Could you explain further the possible capital gains tax exposure you refer to in the situation referred to at 12:37? Thanks I was looking to further my knowledge on this subject.

[edwinj.t.p]

I wonder if this applies to inherited property in another country. Real estate that is given to children as inheritance involving property in South America seems over whelming.

[luiscorrales]

Gold inheritance tax in New Jersey do we need to pay capital gains tax before they release the gold

[papajoe]

my dad wants me to take over the 3 unit which is one of 4 properties he owns in a trust he want me to take one over but I do not want to pay taxes So i must wait till he passes..OR.. can i do a separate trust with me as the executor on this one property so he can sell in a 1031 exchange to buy another asset in the State I live in?

[tonytran]

Thanks
I wish you could use table, wrtings rather than just talking...