![Estate Planning High-Net-Worth](https://www.wpdcpa.com/wp-content/uploads/2021/07/Estate-Planning-scaled.jpg)
Estate Planning for the High-Net-Worth
President Biden’s proposed infrastructure plan would end the step-up in basis taxpayers often use to minimize tax on inherited wealth. Since assets like family businesses, homes, stocks, and art generally appreciate over time, eliminating the step-up in basis effectively raises the amount of tax on these assets.