Mini Bite: Step-Up in Basis at Death

Posted by Mike Long, CFP®, ChFC®, CLU®

Feb 5, 2020

In this 5-minute video, Mike discusses key points regarding basis adjustments in property transferring at death. An understanding of the concept of “stepped-up basis” is vital for a financial planner to be able to advise clients on the tax consequences of liquidating inherited property. This is a highly testable topic for the CFP® Exam.

The Boston Institute of Finance’s Mini Bite video series aims to tackle key financial planning topics that are both important in practice and testable on CFP® Board’s certification exam.

Find more helpful videos on The Boston Institute of Finance's YouTube page.

Topics: Mini Bites Video Series