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:
“The admission of the States of Wyoming and Idaho to the Union are events full of interest and congratulation, not only to the people of those States now happily endowed with a full participation in our privileges and responsibilities, but to all our people. Another belt of States stretches from the Atlantic to the Pacific.”
—Benjamin Harrison (1833–1901)
“The one who first states a case seems right, until the other comes and cross-examines.”
—Bible: Hebrew, Proverbs 18:17.
“Money is power, and in that government which pays all the public officers of the states will all political power be substantially concentrated.”
—Andrew Jackson (1767–1845)