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:
“A little group of wilful men reflecting no opinion but their own have rendered the great Government of the United States helpless and contemptible.”
—Woodrow Wilson (1856–1924)
“On September 16, 1985, when the Commerce Department announced that the United States had become a debtor nation, the American Empire died.”
—Gore Vidal (b. 1925)
“... no young colored person in the United States today can truthfully offer as an excuse for lack of ambition or aspiration that members of his race have accomplished so little, he is discouraged from attempting anything himself. For there is scarcely a field of human endeavor which colored people have been allowed to enter in which there is not at least one worthy representative.”
—Mary Church Terrell (1863–1954)