When creating an estate tax planning strategy, the income tax benefit derived from a step-up in tax basis on assets should be measured against the estate tax cost of including the assets in the decedent's gross estate.

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This statement is true. When planning for estate tax, it is important to consider both the benefit of a step-up in tax basis on assets as well as the potential estate tax cost of including those assets in the decedent's gross estate.

When Creating an Estate Tax Planning Strategy, the Income Tax