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- Basis Step-up on 2nd spouses death with a bypass trust
Basis Step-up on 2nd spouses death with a bypass trust
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geneglaser
Level 1
07-22-2020
10:32 AM
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On the death of the 2nd spouse in a A/B trust arrangement it appears that the basis of real estate in the bypass (decedents) trust does not step up. That is a general rule. Is there any situations or authority that will let me step up the basis in the bypass trust. The real estate is being sold by the trust.
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1 Comment 1
qbteachmt
Level 15
07-22-2020
11:31 AM
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Probably not, now that they are both dead. Prior to the surviving spouse's death, there are some strategies that might have been considered, depending on the size of the estates/trust, other beneficiaries, creditors, etc.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
