The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Irrevocable Trusts When Grantor Dies Date:  6/6/2005  4:37 PM
Author:  capgains00 Number:  79531 of 127639

Are there any tax events that occur with an irrevocable trust (in this case stock holdings) when the grantor dies?

-at the time of the grantor's death does the beneficiary own the stock outright?
-am I correct the stock holdings in an irrevocable trust do not receive the favorable "stepped-up" cost basis?

btw, in my case I don't think the trust is large enough to incur any federal or state estate/inheritance taxes.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us