December 3, 2018

CNBC interviewed Tax Principal Michael D’Addio about year-end giving to take advantage of the increased gift and estate tax exemption.

CNBC

By Darla Mercado

Featured Michael D'Addio, Principal, Tax & Business Services

Related Services Tax & Business, Family Wealth Services, Cost Recovery & Accounting Methods, Personal Financial Management

CNBC interviewed Tax Principal Michael D’Addio about year-end giving to take advantage of the increased gift and estate tax exemption. Tax & Business

Excerpt:

“The estate will never be taxable at the federal level, and for that reason you don’t want to miss out on getting the step-up in basis,” said D’Addio… “You can hold the asset, your beneficiary gets the step-up in basis when you die, and still escape the estate tax,” he said.

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Michael  D'Addio

Michael D'Addio

Principal

  • Tax & Business
  • New Haven, CT