QUESTION
step up in basis on irrevocable trust
Asked on May 21st, 2018 on Estate Planning - California
More details to this question:
how can we pull irrevocable trust back into estate to get step up under new law?
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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When the trust owns the property, the terms of the trust controls the property. A step up in basis is possible for the property within a trust, depending on the terms of the trust.
Answered on May 22nd, 2018 at 7:46 PM