Son, I'm going to be leaving you $30 million worth of real estate upon my death.

Son, I'm going to be leaving you $30 million worth of real estate upon my death. Upon your death? Well, why can't we just sell it now and I take the money? Because you'll have to pay taxes on it if we sell it now and, well, we don't pay taxes. But Dad, I'll have to pay capital gains tax on it when I sell it, even if you're dead, right? Actually, no. If you want to sell any of our assets that have appreciated in value since the date that I bought them, then you can do so the moment of my death and not a minute before. Instead of paying capital gains tax on the difference between my original purchase price and its current appreciated value, our good friends in the government will consider the properties as having been bought for the price that you receive it as. That way you'll technically have zero in capital gains, therefore you'll have zero to pay in taxes if you decide to sell it. Yes, it's called the stepped-up basis tax law. It's how I will slip millions of tax-free dollars to you and you can do it for your children, which you'll definitely have because the president of the bank and I will place his daughter and you in meticulously crafted environments where you can be around each other without you ever knowing it. You will eventually get married. Uh, is she, is she at least good-looking? You'll be fine. Now, while you wait for my demise, go and take out a securities-backed line of credit for your cash needs. You won't pay taxes on the debt and I've secured us a favorable 1% interest rate while John and I were playing golf. Sweet. Thanks, Dad. Well, I'm going to go grab an Aston Martin. Chad and I were thinking about flying out to New York later, so. Hey, hey about Jessica?