Property which is transferred to an irrevocable trust under a completed gift does not qualify for a step-up in basis for capital gains tax savings, even if the trust maker continues to pay the ...

discusses in this Retirement Daily video whether trust assets get a step up in basis. When my dad passed away 30 years ago his will created two trusts for my mom: a credit shelter trust and a ...

In March 2023, the IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families ...