jlew1229
Level 3
12-16-2021
09:44 AM
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Client had a revocable trust, using her SSN. She passed away in October. Does the revocable trust always become irrevocable upon death? The trustee says the trust documents do not mention anything about distribution of assets.. Her will does state each of her 4 kids as beneficiaries.
One of the assets in the trust is a rental property. Does the rental property get a stepped up basis upon death?
Thanks
Jacquie
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