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By contrast, had the happy couple put their house into a residential area property living trust, the home would have received the entire stepped-up basis at time of the wife's death, and the husband would have had no taxable adds.
Unfortunately, most people are not educated all-around ways connected with a Trust, and also often than not, nothing has been identified and transferred, leaving a delay in distribution, and an encumbrance on the Successor Trustee, who generally a close family member.
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