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Back to Track 3: Estate Planning

Course 3.4 · 50 minutes

Inheriting Assets: Step-Up in Basis, Retirement Accounts, and What Heirs Actually Pay

Understand what your heirs will owe on each asset you leave, and arrange assets so the tax-free step-up lands where it does the most good.

Who it is for
Parents deciding what to give now versus later, and heirs who just inherited.
Runtime
50 minutes

Pre-order: this course is still in development. Your purchase includes its materials as they are published in your portal. No release date is confirmed. Buy 5 or more and every course is 30% off.

See the full trackSee the full curriculum

After payment is confirmed and your access is set up, the files listed below can be downloaded from your portal. Any unpublished materials will be added when ready, at no additional charge.

Files currently available

  • Heirs Tax Map Worksheet.
  • Step Up Basis Calculator Guide.
  • Step Up Basis Calculator.
  • Inherited Ira Distribution Tree.
  • Hold Gift or Sell Tree.
  • Beneficiary Ira Setup Checklist.
  • Slide deck.
  • Visual: Roadmap.
  • Visual: What Steps Up.
  • Visual: Joint and Community.
  • Visual: Gift vs Inherit.
  • Visual: Ird Deduction.
  • Visual: Inherited Ira Flowchart.
  • Visual: Beneficiary Categories.
  • Visual: Worked Example.
  • Visual: Ira Withdrawal Strategy.
  • Visual: Upstream Gift.
  • Visual: Roth Conversion.
  • Visual: Decision Tree.
  • Workbook.
  • The narrated lesson. 50 minutes, cued to the deck, with chapter markers by lesson. Added to your portal when published, at no extra cost. This purchase does not guarantee that the narrated lesson is available today.

What the course covers

  • 01Step-up in basis: fair market value at death, joint property, and community property9 min
  • 02Gifts versus inheritances: carryover basis and why you do not give away the appreciated house6 min
  • 03Income in respect of a decedent: retirement accounts, annuities, and the deduction most heirs miss6 min
  • 04Inherited retirement accounts: the ten-year rule, eligible beneficiaries, and required distributions9 min
  • 05Worked example: inheriting a house, a brokerage account, an IRA, and a rental with depreciation8 min
  • 06Tricks of the trade: upstream gifts, hold the low basis and give the high basis, and Roth conversions for heirs6 min
  • 07Mistakes and traps: gifting the house, trusts as IRA beneficiaries, and missed distributions4 min
  • 08Action plan and recap2 min

How it fits: Requires 3.1. Pairs with 1.5 (exchange then hold), 7.3 (retirement accounts), and 8.3.

The standard every course holds

  • A narrated lesson of 45 to 60 minutes, produced as audio
  • A designed slide deck you download and keep
  • A computational workbook that runs the actual legal tests
  • A toolkit of checklists and protocols
  • A legal authority appendix carrying the two-pass vetting protocol

Written for a diligent reader with no legal education. Professionally narrated using a studio voice model of Brian T. Boyd. The course is recorded instruction, not a live consultation.

Where this course sits

Track 3: Estate Planning

This course is one step in a track built around a single outcome. See the full build order and the other courses that get you there.

Back to this track

Educational material from the private client curriculum of Brian T. Boyd. This is legal education for a general audience, not legal advice, and no attorney-client relationship is created by purchasing, viewing, or using it. Tax outcomes depend on your facts and your state.