States
In addition, community-property states frequently have forms of ownership that allow a full basis step-up on one's own share of community property on the death of a spouse (in addition to the normal step-up on spouse's assets).
Read more about this topic: Rights And Responsibilities Of Marriages In The United States
Famous quotes containing the word states:
“On 16 September 1985, when the Commerce Department announced that the United States had become a debtor nation, the American Empire died.”
—Gore Vidal (b. 1925)
“That Cabot merely landed on the uninhabitable shore of Labrador gave the English no just title to New England, or to the United States generally, any more than to Patagonia.”
—Henry David Thoreau (1817–1862)
“If the Soviet Union can give up the Brezhnev Doctrine for the Sinatra Doctrine, the United States can give up the James Monroe Doctrine for the Marilyn Monroe Doctrine: Let’s all go to bed wearing the perfume we like best.”
—Carlos Fuentes (b. 1928)