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2. IRS Changes Could Rewrite Your Inheritance Strategy: What to Know

   www.aol.com/finance/want-leave-assets-heirs-irs...

   To get the step-up in basis, the assets in the irrevocable trust now must be included in the taxable estate at the time of the grantor’s death. That’s the bad news.

3. Estates and Wills: Should You Set Up a Revocable or ... - AOL

   www.aol.com/estates-wills-set-revocable...

   An irrevocable trust takes away your control of your assets. But if you have money or property you plan to hold onto, specifically for your heirs, an irrevocable trust can help protect those assets.

4. Stepped-up basis - Wikipedia

   en.wikipedia.org/wiki/Stepped-up_basis

   Under IRC § 1014(a), which applies to an asset that a person (the beneficiary) receives from a giver (the benefactor) after the benefactor dies, the general rule is that the beneficiary's basis equals the fair market value of the asset at the time the benefactor dies. This can result in a stepped-up basis or a stepped-down basis.

5. Charitable remainder unitrust - Wikipedia

   en.wikipedia.org/wiki/Charitable_remainder_unitrust

   A charitable remainder unitrust (known as a "CRUT") is an irrevocable trust created under the authority of the United States Internal Revenue Code § 664 [1] ("Code"). This special, irrevocable trust has two primary characteristics: (1) Once established, the CRUT distributes a fixed percentage of the value of its assets (on an annual or more frequent basis) to a non-charitable beneficiary ...

6. Bypass trust - Wikipedia

   en.wikipedia.org/wiki/Bypass_trust

   During life, a married couple transfers ownership of property into a trust. Upon the death of the first party to die, the terms of the trust require that some portion of the property be transferred into "TRUST A" and some other portion into "TRUST B." Trust A holds property that remains accessible to the surviving spouse during his or her life.

7. Want to Leave Assets to Heirs? IRS Rule Change Should Have ...

   www.aol.com/finance/want-leave-assets-heirs-irs...

   IRS Rule Change Should Have You Rethinking Your Irrevocable Trust appeared first on SmartReads CMS - SmartAsset. The rule, published at the end of March, changes how the step-up in basis applies ...