Reply To: Distribution in kind of Irrevocable stock/bond asset

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#61192
Envision10
Participant

Follow up question…

Can u clarify what it means to “inherit the cost basis of the Trust rather than a stepped up basis.” Isn’t the cost basis the value of the stock on the date of death?

Parents passed away and left stocks and mutual fund positions. My siblings would like the trustee to liquidate the stock and distribute the inheritance per the will. Why wouldn’t the basis be the death date?