Stepped Up Basis For Trusts?
Will a Trust for a non-spouse beneficiary receive stocks, mutual funds etc. on a stepped-up basis as the beneficiary would with a direct beneficiary inheritance. If the answer is no, is there any workaround for distributing assets to non spouse beneficiaries that would achieve benefits of a Trust while avoiding the tax on distributed assets?
Submitted by Herm Brames on Wed, 2020-04-15 12:31