Episode Player

Avoid The Costly Estate Mistake That Erases Your Step-Up In Basis (118)

What The Wealth Retirement Podcast

Chapters
0:04
The Costly Estate Mistake
0:29
Client Story: Gifting Rentals To Son
2:03
Why Step-Up In Basis Matters
3:22
Probate Annoyance Vs Tax Devastation
4:20
Practical Takeaways And Next Steps
5:14
Closing Notes And Disclosures
What The Wealth Retirement Podcast
Avoid The Costly Estate Mistake That Erases Your Step-Up In Basis (118)
Dec 12, 2025 Episode 118
Jonathan Bednar II, CFP

We break down a costly estate planning mistake that can cost you six-figures with the IRS! 

A simple change in timing preserves the step-up in basis. A real client story and a simple change that can preserve your gift.

• The risk of gifting appreciated real estate
• What's the step-up in basis?
• Probate, good or bad?
• Simplify gifting
• When and how to consult attorneys and advisors
• Practical steps for rentals, equities, and businesses

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan