Tyler?
Yep?
Looks like you're about to pass down $5 million worth of stock to your children?
Mm-hmm.
You bought that stock for $100,000 back in the 70s?
Okay, so we will take our long-term capital gains tax on $4.9 million. That’s $980,000.
Oh, no. I'm not giving it to them today. I'm giving that to them when I die.
So what? If I wait until I die, that $4.9 million of capital gains magically disappears.
My kids can turn around and sell the stock at its current market value and pay you... Say it with me. Nothing?
Nothing.

Explore the implications of capital gains tax when transferring significant assets like stock to heirs, and discover how to minimize tax burdens effectively.