Today Todd and Sara talk about a new IRS Ruling that would indicate that the real estate in an Irrevocable Trust would not get a step up in basis. That is true if you do a trust that is not intentionally defective. We as Elder Law Attorneys know to do the trust with language that ties it back to the estate for the step-up in basis and that rule is still in place.
Join us today for a podcast that will confirm what you are doing and will settle your nerves if you heard something else.
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