A-C Estate Planning
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Last Modified
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Aug 13, 2026
A- “A” stands for ASSETS that will be in your estate at the time of your death. Effective estate planning can help eliminate the amount of tax owed on these ASSETS if that is your goal.
B-“B” stands for BASIS, or what you paid for an asset in your estate, minus expenses you incurred in obtaining the asset. Proper estate planning can take advantage of a bump-up in BASIS and help taxes owed by your beneficiaries.
C- “C” stands for CHILDREN and /or CHARITY. There are numerous ways to leave your estate to your CHILDREN to protect them from creditors (a Bad “C” word) or, perhaps, from inheriting too much too soon. Gifts to CHARITY can be an effective tool to save on taxes.
To Be Continued…………………
About the author:
Ken R. Ashworth
Founding Attorney of Ken R. Ashworth & Associates
Ken R. Ashworth is the Founding Attorney of Ashworth Law in Henderson, Nevada. He focuses his practice on asset protection, business litigation, estate planning, and tax litigation. Ashworth has practiced law since 1992 and is admitted to the State Bar of Nevada. He earned his J.D. from Pepperdine University School of Law in Malibu, California, in 1990. His work includes advising clients on legal matters involving businesses, estates, asset protection, and tax disputes.
