How to Manage Financial Market Stress? With the Help of a Caddie - 398
Your Money, Your Wealth
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Does She Get a Step Up in Basis in a Living Trust?
Jack's taxable brokerage account is in a living trust, which his wife is the sole beneficiary of with those funds passed to my wife tax-free. The real question is does she get a step up in basis in them or not? And Florida, you're right, it's an equitable distribution state. So if this is your asset, if this was money that you made, even during the time you were married, then it's your account. Jack from Central Florida driving 2015 Ford F-150 likes Johnny Walker Red over ice.
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