With community property, you may see a double step-up basis. In this process, the basis of an asset is increased by two separate amounts. This means that the first step-up in basis occurs when one spouse acquires assets held in a revocable living trust with the other spouse. The second...
In community property states (and for assets in community property trusts), the surviving spouse receives a step-up in basis for community property. In states without community property provisions, jointly owned property, such as stock in ajoint brokerage account, receives only half the step-up ...
Having the support of your spouse will make things better for everyone. *** When it comes to parenting, step-parents can often find themselves in a difficult situation. While it is important for step-parents to show their step-children love and support, it is also important for them to ...
I have a memory of my father when I was very young driving to Sears in the yellow Dodge van that he got rid of by the time I was six or seven. It was a Saturday and it was raining hard, and he stopped at the side of the road to help another man whose car had gone into the...
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