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Savings & Investment Plans

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D

dmorse

Guest
How are Savings & Investment plans treated for estate tax purposes? Does their value include deferred gains or is the executor allowed to reduce the value to account for income tax owed on the deferred gains?
 


N

NY Lawyer

Guest
Sorry. They are valued at date of death value. And then when you cash them out there is income tax. Smart people make their charitable bequests in the form of IRAs and Tax Qualified plan assets for that reason.
 
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