Your taxable brokerage account has a unique opportunity for tax planning. At the death of the account owner, depending on how the account is titled, the beneficiaries may receive a "Step Up" in basis. This means the unrealized gain in the account can be essentially erased & if those shares are sold, the taxes owed can be $0. This episode walks through how the "Step Up" in basis works.

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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed.

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