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Step-Up in Basis for Inherited Property: Revocable vs. Irrevocable Trusts Explained!
Understanding step-up in basis is essential for effective estate planning, especially when it comes to minimizing capital gains taxes on inherited property. While many assume that all inherited property qualifies for a step-up in basis, this isn't always the case. In this video, we’ll explore how the step-up in basis applies to different ...
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