Irrevocable Trusts Explained: How They Work, Types, and Uses
Irrevocable Trusts Explained: How They Work, Types, and Uses
1 month ago
investopedia.com
Let’s Clear This Up Once and For All… “Only revocable trusts get a step-up in basis.” That’s the myth. And here’s the truth: 📌 Any inherited asset gets a step-up (or step-down) in basis to its fair market value at the date of death. Doesn’t matter if it passes through: ✅ A will. ✅ A revocable trust. ✅ Or even if there’s no estate plan at all. Now let’s talk about what actually defines the difference between revocable and irrevocable trusts... It’s not about whether you can move assets in or out
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Let’s Clear This Up Once and For All… “Only revocable trusts get a …
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Step up in basis and community property states – don’t make this mistake! — Financial Alternatives
Step up in basis and community property states – don’t make this …
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financialalternatives.com
Should You Set Up a Revocable Living Trust?
Should You Set Up a Revocable Living Trust?
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