User Tools

Site Tools



Notes from

  • Stocks, real property, collectibles, businesses, and cryptocurrencies, are stepped up to their value on the day of the owner’s death.
  • retirement accounts and tax-deferred annuities, aren’t stepped up in value.
  • If you want to give some assets to charity, you should first donate the assets that don’t get stepped up in value at your death.
  • Parents can avoid probate and retain step-up for their heirs by creating a revocable trust for their real estate
    • Upon death, the trustees—presumably the children—can take control of the house without going through probate, but they won’t owe taxes on its previous capital gain.
    • They will, however, need to get the home appraised to establish its value at the “date of demise.”

diary/2024-04/2024-04-22.txt · Last modified: 2024/04/22 14:58 by raju