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Stepped up basis... again
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thinkstoomuch
Posted 1/12/2021 13:18 (#8745229 - in reply to #8745186)
Subject: RE: Stepped up basis... again


Kettle Moraine, WI
Would a private held corporation with shares be able to avoid the trigger of taxation or liquidation if the shares were transferred upon death to an irrevocable trust for the benifit of survivors?

I think bottom line many of the work around a are just trying to decouple private ownership of assets and shift ownership into dissolvable entities.

Life, liberty, and the pursuit of happiness was rooted in "life, liberty, and property". Oh how far we drifted.
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