Moreover, unless you are nearly dead, it doesn’t make sense to optimize for far off estate tax avoidance since (a) you will be dead anyway, (b) tax laws change all the time, and (c) it would have to be discounted appropriately so it may not even be a win.
Personally I think we shouldn’t have capital gains taxes at all so this avoidance method doesn’t bother me.
>>Moreover, unless you are nearly dead, it doesn’t make sense to optimize for far off estate tax avoidance since
It's the other way around. This strategy allows you to not pay any taxes during your lifetime, so you have more money to play with and enjoy. Your inheritors might not have to pay tax on this money, but that's not your concern because like you said - you're dead at this point.
Moreover, unless you are nearly dead, it doesn’t make sense to optimize for far off estate tax avoidance since (a) you will be dead anyway, (b) tax laws change all the time, and (c) it would have to be discounted appropriately so it may not even be a win.
Personally I think we shouldn’t have capital gains taxes at all so this avoidance method doesn’t bother me.