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:
“Sean Thornton: I dont get this. Why do we have to have you along. Back in the states Id drive up, honk the horn, a gald come runnin out.
Mary Kate Danaher: Come a runnin. Im no woman to be honked at and come a runnin.”
—Frank S. Nugent (19081965)
“The government of the United States at present is a foster-child of the special interests. It is not allowed to have a voice of its own. It is told at every move, Dont do that, You will interfere with our prosperity. And when we ask: where is our prosperity lodged? a certain group of gentlemen say, With us.”
—Woodrow Wilson (18561924)
“If the dignity as well as the prestige and influence of the United States are not to be wholly sacrificed, we must protect those who, in foreign ports, display the flag or wear the colors of this Government against insult, brutality, and death, inflicted in resentment of the acts of their Government, and not for any fault of their own.”
—Benjamin Harrison (18331901)