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 don’t get this. Why do we have to have you along. Back in the states I’d drive up, honk the horn, a gal’d come runnin’ out.
Mary Kate Danaher: Come a runnin’. I’m no woman to be honked at and come a runnin’.”
—Frank S. Nugent (1908–1965)
“Not only [are] our states ... making peace with each other,... you and I, your Majesty, are making peace here, our own peace, the peace of soldiers and the peace of friends.”
—Yitzhak Rabin (b. 1922)