Epi 26 Revenue Ruling 2023-2 DON'T PANIC, It's OK.
The Elder Law Coach
English - May 25, 2023 15:00 - 17 minutes - 12 MB - ★★★★★ - 5 ratingsBusiness Education attorneys elder law Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Epi 25 The Importance of the Healthcare Directive
Today Todd and Sara talk about a new IRS Ruling that would indicate that the real estate in an Irrevocable Trust would not get a step up in basis. That is true if you do a trust that is not intentionally defective. We as Elder Law Attorneys know to do the trust with language that ties it back to the estate for the step-up in basis and that rule is still in place.
Join us today for a podcast that will confirm what you are doing and will settle your nerves if you heard something else.
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