Understanding the Step-Up in Cost Basis of Assets at Death

When a person passes away, one of the most significant tax advantages that transfers to their heirs is called the “step-up in cost basis”. For those inheriting appreciated assets, this provision can mean the difference between owing hundreds of thousands of dollars in capital gains taxes and owing nothing at all.

Estate Planning, Financial Planning, InvestmentsChip Hymiller, AIF®, CFP®July 21, 2026Cost Basis, investments, investment planning, investment management, Estate Planning, Stock Market, inherited assets