Recent content by dcp3

Property receives a stepped up basis on death of the owner going through probate. Is this stepped up basis lost if the property is placed in a trust? Thank you. dcp3

Thank you.

Have not asked him. The question arose last night while perusing some of the documents, and I posed the question on the web anticipating a quicker response.

In my trust documents there is a page for listing joint property, and another for community property. What is the difference in the two? Thanks dcp3

I few years ago my wife and I set up a Living Trust. At that time I failed to place mineral property I own in the Trust. I live in Colorado, but the mineral property is in Kansas. The mineral deeds show an undivided interest for myself and my 4 siblings. How do I get the property in the...